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October 25, 2025
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Will President Petro have a financial blockage due to his inclusion in the Clinton List?

Will President Petro have a financial blockage due to his inclusion in the Clinton List?

He President Gustavo Petro This Friday he became the first acting Colombian president in history to be included in the Clinton List, consolidated law used by the United States government to sanction people allegedly linked to drug trafficking and other illicit activities.

He US Treasury Department He indicated that his decision is based on the application of the Office of Foreign Assets Control (Ofac)attached to this federal office, which acts under the regulations of sanctions against drug traffickers, money laundering and other crimes of international dimension.

(Read also: ‘The threat was fulfilled’: Petro on his inclusion on the Clinton list).

With this, The head of state would be surrounded when doing business and financial operations with people or companies that manage North American capital..

President Gustavo Petro

EFE

The SDN List contains individuals, groups and entities, such as terrorists and drug traffickers designated under programs that are not country-specific.“, explains OFAC on its official site.

This would also have implications at the national level for the head of state and his personal bank accounts, as clarified by the Constitutional Court this Friday.

(Besides: The US officially includes President Gustavo Petro on the Clinton List).

In its Ruling SU-167/99, the court clarified that “The mere fact that a person appears on the Clinton list, without having been convicted or being investigated for crimes related to drug trafficking in Colombia, is an objective cause that authorizes the impossibility of accessing the financial system.“.

This means that Gustavo Petro could not manage his personal finances in the national financial system in his role as a user.

In addition, sources from the sector explained to Portafolio that, given the high political profile of the President, it is necessary to first make a “motivated argument“in order to determine if the entity to which the president goes will cancel the banking products he is using, in order to protect himself from possible lawsuits.

PORTFOLIO

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