MTK Global Folds Amid Daniel Kinahan Sanctions

MTK Global, the boxing management company that represents dozens of professional fighters, announced that it was ceasing operations on Wednesday. MTK had been under intense scrutiny after the US Treasury Department announced sanctions against Daniel Kinahan, an alleged drug trafficker and a co-founder of the company.

Last week, the US Treasury designated the Kinahan Organized Crime Group (KOGC), along with seven key members, as a “Blocking Property of Transnational Criminal Organizations.” The US accused the KOGC of smuggling deadly narcotics, including cocaine, to Europe, and declared it “a threat to the entire licit economy through its role in international money laundering.” In a statement, the US said Daniel Kinahan runs the day-to-day operations of the organization. As part of the sanctions, the Treasury Department prohibited US persons or businesses from working with Kinahan or any member of the KOGC.

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George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

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