( CNN ) -- Guatemalan authorities arrested an alleged drug lord wanted by both Guatemala and the United States for aiding the transit of cocaine for a Mexican drug cartel , officials said . Waldemar Lorenzana Lima , described as one of the most wanted in the United States , was captured Tuesday by Guatemalan National Police in the central town of Jicaro , Attorney General Claudia Paz said . Lorenzana and his three sons were labeled `` Specially Designated Narcotics Traffickers '' by the U.S. Treasury Department last year , a distinction that froze any U.S. assets and prohibits anyone from doing financial transactions with them . The Lorenzanas played a key role in moving cocaine between Colombia and Mexico , and ultimately , the United States , according to the Treasury Department . Lorenzana used Guatemala as a trans-shipment point for the drugs from Colombia , and he would then transfer them to Mexico 's Sinaloa cartel , which would take the contraband north . The U.S. government was offering a reward of up to $ 500,000 for information regarding Lorenzana . `` This arrest shows that no one is above the law , '' Guatemalan Interior Minister Carlos Menocal said , the state-run AGN news agency reported . Lorenzana was transferred to a court building , where he was awaiting a judge for an initial hearing .
Waldemar Lorenzana is accused of trafficking drugs through Guatemala . He received the shipments from Colombia and sent them to Mexico , authorities say . He was arrested Tuesday .