US takes aim at deadly Chinese fentanyl networks

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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.

Fentanyl, much of it from China, is behind rising number of overdose deaths acorss the United States

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

“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.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.

 

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