The U.S. Treasury has announced a series of sanctions and a new bank alert aimed at the Jalisco New Generation Cartel (CJNG), Mexico’s most powerful criminal enterprise. These actions target the cartel’s expanding financial operations beyond traditional drug trafficking.
The Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on two Mexican men and nine companies involved in transportation, financial services and real estate. These entities are accused of ties to a cartel-linked fuel theft ring, which allegedly evades Mexican taxes and generates tens of millions of dollars annually for the CJNG.
