Saturday, January 23, 2021
Home Life Style Health & Fitness US to Crack Down on Chinese Traffickers of Deadly Fentanyl

US to Crack Down on Chinese Traffickers of Deadly Fentanyl

The Treasury identified Zheng Fujing, 36, and a company he controls, Qinsheng Pharmaceutical Technology, and a partner, Zheng Guanghua

The US Treasury took action Wednesday to crack down on Chinese traffickers of deadly fentanyl, sanctioning producer-exporters and warning banks on financial schemes used to distribute the synthetic opioid behind thousands of US overdose deaths.

The Treasury identified Zheng Fujing, 36, and a company he controls, Qinsheng Pharmaceutical Technology, and a partner, Zheng Guanghua, as a major, Shanghai-based production fentanyl production and trafficking organization.

The Zheng drug trafficking organization, the Treasury said, produced and shipped hundreds of controlled substances, including fentanyl analogues such as carfentanil, which is 100 times more potent than fentanyl.

“Zheng created and maintained numerous websites to advertise and sell illegal drugs in more than 35 languages,” it said.

US, Fentanyl, Chinese
The US Treasury took action Wednesday to crack down on Chinese traffickers of deadly fentanyl, sanctioning producer-exporters and warning banks on financial schemes. Pixabay

Moreover, it said, Zheng was producing counterfeit cancer pills that replace the active cancer-fighting ingredient with “dangerous synthetic drugs.”

Yan, meanwhile, produces and trafficks in synthetic opioids, cannabinoids, and cathinones, and amphetamine-like drug, the Treasury charged.

“Yan has tried to evade prosecution by modifying the chemical structure of his synthetic analogues based on his monitoring of legislation and law enforcement activities in the United States and China,” the Treasury said.

All three men have already been indicted in separate trafficking cases in the United States.

Also Read- U.N. Secretary-General to Travel to Epicenter of Ebola Outbreak in Democratic Republic of Congo

The Treasury’s designation of the three as “significant foreign narcotics traffickers” under the US Kingpin Act allows the Treasury to use more sanctions and controls to attack their networks.

The Treasury said it had also issued an advisory to banks and other financial institutions describing how synthetic opioid producers and traffickers operate in financial networks, with the aim of closing off their ability to produce and sell their drugs.

“We are making the financial sector aware of tactics and typologies behind illicit schemes to launder the proceeds of these fatal drug sales, including transactions using digital currency and foreign bank accounts,” said Kenneth Blanco, the head of the Treasury’s Financial Crimes Enforcement Network.

The Treasury said both the Zheng and Yan groups used digital currencies like bitcoin for production operations and sales. (VOA)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Study Reveals Valuing Friendships Can Keep One Healthy

Having friends in life is important as they give us both emotional support and practical advice, whenever needed. A new study now suggests that...

White House To Display The Moon Rock In Oval Office

NASA has loaned a Moon rock for display in the Oval Office of the White House at the request of the Joe Biden administration. The...

Analysis Shows Batterry Storage To Be Cheaper Than New Coal Power Plants

A new economic viability analysis on Friday revealed that renewable energy along with battery storage in Tamil Nadu is cost competitive with new coal...

Vegan kids may have low level of vitamin D

If your child is fully vegan, then there are chances that they may have a lower level of vitamin D, a new study suggests. The...

Pandemic time used for self-development, survey reveals

The pandemic year 2020 is past us but not the coronavirus and the impact it brought into our lives is probably the biggest disruption...

What And When Do You Need Estate Planning Strategies

There are estate planning strategies to reduce estate taxes. If you have assets that are exempt from the estate tax and that you intend...

Loney Adults Over The Age of 50 May Face Mental Health Problems

Lonely adults aged 50 and over reported an average of two worsening depressive and other mental health symptoms during the Covid-19 lockdown, a new...

Remembering Subhash Chandra Bose on Birth Anniversary: Know 5 Lesser Known Facts and Quotes by “Netaji”

Subhash Chandra Bose, popularly known as "Netaji" was born on 23rd January 1897. Netaji is considered the most exceptional and revered Freedom Fighter in...

Recent Comments