U.S. announces new bank alert targeting powerful drug cartel
Summary
The U.S. Treasury has imposed sanctions and issued a bank alert targeting the Jalisco New Generation Cartel, a major Mexican criminal group involved in drug trafficking and fuel theft. The cartel operates across many Mexican states and has expanded into fuel smuggling schemes, generating large illegal profits and causing violence after the death of its leader.Key Facts
- The U.S. Treasury sanctioned two men and nine companies linked to fuel theft benefiting the cartel.
- The Financial Crimes Enforcement Network warned banks about signs of fuel smuggling tied to Mexican tax evasion.
- The Jalisco New Generation Cartel operates in 21 of Mexico's 32 states, more than the rival Sinaloa Cartel.
- President Trump designated this cartel and five others as foreign terrorist organizations last year.
- The cartel steals fuel by tapping pipelines and runs their own gas stations, forcing others to cooperate or sell fuel illegally.
- Mexican Navy special forces arrested Audias Flores Silva, the cartel’s second-in-command, with help from U.S. agencies.
- The cartel’s leader, "El Mencho," was killed in a military operation in February, leading to violent attacks and over 70 deaths in cartel-related incidents.
- The U.S. federal grand jury recently charged the cartel's "Gardener" with meth trafficking and money laundering conspiracy.
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