Tag: fuel_smuggling
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Treasury Sanctions Facilitators of CJNG Fuel Smuggling and Tax Evasion Schemes
The U.S. Treasury has sanctioned two Mexican nationals and nine entities linked to CJNG's cross-border fuel smuggling and tax evasion. This action, supported by a FinCEN alert, targets a major revenue stream for the violent cartel.
Politics and GovernmentBusinessLaw EnforcementConflictFederal GovernmentEconomyLegalTradeSocial IssuesLatin America Cartel de Jalisco Nueva GeneracionFuel SmugglingTax EvasionU.S. Department of the TreasuryOFACFinCENMexicoUS Treasury
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FinCEN Alerts Financial Institutions to Cartel Fuel Smuggling and Tax Evasion Schemes
FinCEN issued a supplemental Alert advising financial institutions to detect and report suspicious activity related to Mexico-based cartels, including CJNG, involved in fuel smuggling from the U.S. into Mexico and associated tax evasion schemes, known as fiscal fuel theft.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalLatin America FinCENCartel de Jalisco Nueva GeneracionCJNGfuel smugglingtax evasionMexicofinancial institutionsFinancial Crimes Enforcement Network