OFAC Fines IMG Academy $1.72 Million Over Cartel-Linked Tuition
TL;DR Summary
U.S. Treasury’s OFAC fined IMG Academy $1.72 million for processing tuition payments for two students whose parents were linked to a Mexican drug cartel, reporting 89 sanctions violations over five years; the school allegedly failed to screen sanctioned individuals and received wire transfers from Mexico. IMG says it disclosed the issue, had no sanctions program at the time, and has since implemented a comprehensive compliance program.
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- Narco Traffickers in the Classroom—and Whistleblowers at the Gate The National Law Review
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