OFAC designated CIBanco S.A., a Colombian financial institution, along with three of its senior executives, for providing material financial support to a designated narcotics trafficking organization. The action, taken under E.O. 14059, alleges that the bank knowingly facilitated large-scale money laundering operations for the cartel, processing illicit proceeds from drug sales in the U.S. and Europe. As a result, all property and interests in property of CIBanco and the designated individuals that are in the U.S. are blocked.