US Treasury cracks down on Jalisco New Generation Cartel with sanctions and a bank alert
Treasury officials said the cartel-linked scheme generated tens of millions of dollars annually and helped finance broader criminal activity.
- On Tuesday, the U.S. Treasury announced sanctions and a new bank alert targeting the Jalisco New Generation Cartel , Mexico's most powerful criminal enterprise.
- Sanctions from the Office of Foreign Assets Control target two Mexican men and nine companies allegedly involved in a fuel theft ring designed to evade Mexican taxes while generating tens of millions of dollars annually for the cartel.
- According to the Drug Enforcement Agency, the CJNG now operates in 21 of Mexico's 32 states, surpassing the Sinaloa Cartel, which is estimated to operate in 19 states.
- Last year, President Donald Trump designated the CJNG and other Mexican cartels as foreign terrorist organizations, advancing the Trump Administration's priority of dismantling these criminal enterprises.
- Treasury Secretary Scott Bessent stated today that cartels are expanding beyond traditional drug trafficking into fuel smuggling to generate revenue, highlighting diversified criminal operations.
47 Articles
47 Articles
US Sanctions 2 Mexicans, 9 Firms Over Alleged Cartel Fuel-Smuggling Scheme
The United States has imposed sanctions on two Mexican nationals and nine companies it said are linked to Jalisco New Generation Cartel (CJNG) and a multimillion-dollar business smuggling fuel across the U.S.–Mexico border. The U.S. Treasury said on June 30 that the CJNG-linked scheme used shell companies and tax-evasion schemes to move fuel from the United States into Mexico, while avoiding Mexican fuel taxes. The operation has generated tens o…
For the U.S. Department of the Treasury, the theft of fuel known as huachicol is controlled by the Jalisco Nueva Generación Cartel, which finances electoral campaigns and imposes on pro-organized crime politicians. The Office of Foreign Assets Control (OFAC) and the Financial Crimes Control Network (FinCEN) of the Treasury Department announced yesterday several actions to combat fuel smuggling schemes linked to the CJNG, punishing leaders and wa…
"Today's action highlights the extent to which Mexico's cartels expand beyond traditional drug trafficking to generate income," Bessent said.
Ronald Johnson, U.S. ambassador to Mexico, supported the sanctions of the governments of both countries against the network of the Jalisco Nueva Generación Cartel linked to the huachicol. On Tuesday, June 30, the Financial Intelligence Unit (FIU) and the Treasury Department sanctioned 11 subjects for their alleged involvement in a huachicol network linked to the CJNG. After announcing the sanctions, Ambassador Ronald Johnson stated that they rep…
The Office of Foreign Assets Control (OFAC), of the U.S. Treasury Department, sanctioned two Mexican citizens and nine companies for their alleged involvement in a fuel smuggling network linked to the Jalisco Nueva Generación Cartel (CJNG), an organization that would have turned huachicol into one of its main sources of income outside of drug trafficking.According to the investigation, the network combined oil theft and smuggling with tax evasio…
US imposes sanctions on Mexicans, entities tied to Mexican fuel smuggling network
MEXICO CITY, June 30 - The U.S. Treasury said on Tuesday it had imposed sanctions on two Mexican nationals and nine entities tied to a cartel-linked smuggling scheme that moves fuel from the United States into Mexico without paying a hefty tax on the imports. Read more at straitstimes.com.
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