The US treasury department’s Office of Foreign Assets Control (OFAC) has designated three Paraguayan individuals and five associated entities to the Specially Designated Nationals (SDNs) list. Their assets in US are blocked and US persons are generally prohibited from dealing with them.

The sanctioned individuals and entities according to OFAC make extensive use of trade based money laundering (TBML) through export-import and retail businesses in the electronics and automotive sectors in the Tri-Border Area (TBA) where Argentina, Brazil, and Paraguay converge.

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