The U.S. Treasury has imposed sanctions on individuals and companies linked to the Jalisco New Generation Cartel, a powerful Mexican criminal organization. These actions target a fuel theft and tax evasion scheme that generates millions of dollars annually for the cartel. The Treasury also issued an alert to financial institutions regarding red flags for fuel smuggling and tax evasion schemes. This move highlights the cartel's expansion into new revenue streams beyond drug trafficking, as they are reportedly operating service stations and controlling fuel distribution in Mexico. AI
RANK_REASON Regulatory action by a major government body against a significant criminal organization. [lever_c_demoted from significant: ic=1 ai=0.0]
- Donald Trump
- Financial Crimes Enforcement Network
- Jalisco New Generation Cartel
- Mexico
- Office of Foreign Assets Control
- Scott Bessent
- Sinaloa Cartel
- Texas
- United States Department of the Treasury
- U.S. Drug Enforcement Agency
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