Drug Lords, Mafiosos, and PacNet? How the Controversial Payment Processor Ended Up on the Naughty List

gainst these unproven allegations.” Peter Ferlow, the husband of the director, manager, or company secretary of many PacNet-linked companies, added, “I find it surprising that the authorities haven’t provided any evidence to shut somebody’s company down. The company and all the principles and higher managers in the company are now listed on the U.S. Treasury site with personal home addresses and nobody’s guilty here. Like, what is going on? It’s kind of wrong.”

Because of these sanctions, US banks, businesses, and citizens cannot do business with PacNet, and their US-based assets have been frozen. OFAC, echoing the sentiment of the Treasury Department, said that the organization is a “third party payment processor of choice for perpetrators of a wide range of mail fraud schemes.” Aside from PacNet itself, the OFAC sanctions include 12 people and 24 entities across 18 different countries. Alongside a press release, OFAC published a chart of these individuals and entities.