Announces new bank alert targeting powerful Jalisco New Generation Cartel

The U.S. Treasury announced sanctions and a new bank alert targeting the Jalisco New Generation Cartel (CJNG), described as Mexico’s most powerful criminal enterprise. Treasury’s Office of Foreign Assets Control imposed sanctions on two Mexican men and nine companies tied to transportation, financial services, and real estate, accused of involvement in a cartel-linked fuel theft ring intended to evade Mexican taxes while generating tens of millions of dollars annually. In parallel, FinCEN issued an alert to financial institutions highlighting red flags of fuel smuggling from the U.S. into Mexico tied to tax-evasion schemes. Treasury Secretary Scott Bessent said the action reflects how cartels expand beyond drug trafficking to fund operations that continue to traffic deadly drugs. The DEA says the CJNG has a presence in 21 of Mexico’s 32 states, surpassing the Sinaloa Cartel’s estimated 19. Last year, President Trump designated the CJNG and five other cartels as foreign terrorist organizations.