The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has reached a $1,720,000 settlement with IMG Academy, LLC to resolve potential civil liability for 89 apparent violations of U.S. counternarcotics sanctions involving two Specially Designated Nationals (SDNs) linked to a sanctioned Mexican drug trafficking organization.
Between 2019 and 2025, the Florida-based boarding school and athletic training institution entered into annual tuition enrollment agreements with the SDNs and processed tuition and related payments connected to their children’s attendance, conduct OFAC determined constituted prohibited dealings in blocked property under the Foreign Narcotics Kingpin Sanctions Regulations…