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.
62 Articles
62 Articles
US Slaps Sanctions on Mexican Cartel Over Multimillion-Dollar Fuel Smuggling Scheme
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The US Treasury has slapped sanctions on Mexico’s most powerful criminal enterprise, the Jalisco New Generation Cartel (CJNG), over a fuel theft ring generating tens of millions of d…
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…
U.S. Ambassador Ronald Johnson said yesterday that his country and Mexico are working to curb violence and drug trafficking, in a message published in X, following the coordinated sanctions applied between the two nations against an illegal fuel trade network linked to the Jalisco Nueva Generación (CJNG) cartel. “The message is clear: those who benefit from drug trafficking, weapons, fuel theft or any other criminal activity that threatens our p…
"Today's action highlights the extent to which Mexico's cartels expand beyond traditional drug trafficking to generate income," Bessent said.
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