Honduran government liquidates the first bank designated by OFAC under the Kingpin Act

The Honduran government has informed OFAC that it has initiated proceedings to liquidate Banco Continental S.A., a designated Honduran bank owned by Jaime Rosenthal, who along with the bank was listed earlier this month as a Specially Designated Narcotics Trafficking Kingpin for allegedly providing money laundering and other services that support the activities of several Central American drug trafficking organisations....