Treasury Sanctions China-Based Chemical Company to Combat Synthetic Opioid Trafficking

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Guangzhou Tengyue Chemical Co., Ltd. (Guangzhou Tengyue), a chemical company operating in China that is involved in the manufacture and sale of synthetic opioids to Americans. In addition to opioids, Guangzhou Tengyue has also sold dangerous analgesic chemicals often used as cutting agents that are mixed with synthetic opioids and other illicit drugs. Also today, OFAC sanctioned Huang Xiaojun and Huang Zhanpeng, representatives of Guangzhou Tengyue, who were directly involved in coordinating the shipments of these illicit drugs and cutting agents to the United States.“Illicit opioids coming from China are destroying American lives, families, and communities,” said Under Secretary for Terrorism and Financial Intelligence John K. Hurley.