Daniel Kinahan ‘Sources of large quantities of cocaine;’ Sanctioned by the United States

  • One of boxing’s most powerful figures is named in a damning new US Treasury report.
  • Daniel Kinahan “sources large quantities of cocaine from South America,” the report said.
  • Dubai-based Kinahan has never been convicted of a crime.

One of boxing’s most powerful figures, Daniel Kinahan, has been sanctioned by the US Treasury for his alleged role in large-scale cocaine trafficking, according to a damning new report.

Kinahan, 44, has gone from a regional combat sports promoter in Ireland to one of the biggest names in the sport. The Dubai-based Irishman – who has never been convicted of a crime – manages some of the sport’s most prominent athletes including Terence Crawford, Tyson Fury and Josh Taylor.

But according to the US Treasury, Kinahan is also the figurehead of the Kinahan Organized Crime Group. The KOCG “smuggles deadly narcotics, including cocaine, into Europe, and poses a threat to the entire licit economy due to its role in international money laundering,” it said. said Under Secretary of Terrorism and Financial Intelligence Brian E. Nelson.

The KOCG is said to have interests in hard drugs and weapons, and – according to a special criminal court – specializes in execution-style murders, as previously detailed by Insider.

In a statement, Nelson said, “Criminal groups like the KOCG prey on the most vulnerable in society and bring drug-related crime and violence, including murder, to the countries in which they operate.”

According to the Treasury, Kinahan ordered KOCG members to send money to numerous people serving prison sentences, including a person “imprisoned for murder on behalf of the KOCG”. He added that Kinaham had obtained massive quantities of “cocaine from South America”, organized its supply in Ireland and attempted to import it into the UK as well.

US sanctions Kinahan and KOCG

The United States has imposed sanctions on prominent members of the KOCG hierarchy for targeting transnational drug shipments.

Sanctions mean that the property or interests of designated persons or entities must be blocked and reported to the Office of Foreign Assets Control.

Kinahan and UAE-based sports management company Hoopoe Sports are on the sanctions list. Hoopoe Sports is one of three companies designated by the US Treasury as “Associates of Kinahan”.

Hoopoe Sports lists five boxers as clients according to its website: Paddy Barnes, Jamie Conlan, Michael Conlan, Hughie Fury and Billy Joe Saunders.

Hughie Fury is a cousin of Tyson Fury, who is advised by Kinahan. Saunders has spoken enthusiastically about Kinahan on several occasions.

“I’ve known Daniel Kinahan for a long time,” Saunders tweeted in 2021, according to The Mirror. “I’ve always had a very positive relationship with him. I’m aware of the allegations against him but I just don’t accept them.”

Sanctions also mean

American banks

financial institutions and other companies are not permitted to do business with KOCG members, Kinahan included.

Kinahan’s legal representatives in the US and UK did not immediately respond to Insider’s request for comment.

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