U.S. announces new bank alert targeting powerful Jalisco New Generation Cartel
U.S. Treasury announced a series of sanctions and a new bank alert targeting the Jalisco New Generation Cartel, Mexico's most powerful criminal enterprise.
TL;DR
- U.S. Treasury sanctions target two Mexican men and nine companies tied to the Jalisco New Generation Cartel's fuel theft ring.
- The cartel's fuel theft operations are accused of evading Mexican taxes and generating tens of millions of dollars annually.
- A bank alert issued to financial institutions flags red flags for fuel smuggling from the U.S. into Mexico.
- The Jalisco New Generation Cartel is described as Mexico's most powerful criminal enterprise, present in 21 of 32 states.
- Mexican authorities have seized millions of gallons of stolen fuel, and U.S. authorities accuse the cartel of operating its own service stations.
- Recent actions include expanded charges against the cartel's second-in-command for meth trafficking and money laundering conspiracy, and the arrest of Audias Flores Silva.