Treasury Targets Key Funding Source of Deadly Fentanyl- Trafficking Cartel CJNG.

 Treasury Targets Key Funding Source of Deadly Fentanyl- Trafficking Cartel CJNG. New Sanctions Against "El Tanque" Senior CJNG Member Leading Fuel Theft Ring In Jalisco And Veracruz

By Char  9/11/2024 12:13:00 AM  1 comment

 "Char" for Borderland Beat 

PRESS RELEASE 

SEPTEMBER 10, 2024

CJNG Fuel Theft Network Deprives Mexico of Revenue while Strengthening Cartel

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned nine Mexican nationals and 26 Mexico-based entities linked to a fuel theft network that generates tens of millions of dollars benefiting the Cartel Jalisco Nueva Generacion (CJNG), a violent Mexico-based drug trafficking organization responsible for a significant proportion of fentanyl and other deadly drugs trafficked into the United States. Mexico-based drug trafficking cartels such as CJNG have turned to fuel theft in recent years, resulting in billions of dollars in lost revenue to the Mexican government. Today’s action was coordinated closely with the Drug Enforcement Administration and the Government of Mexico, including La Unidad de Inteligencia Financiera (UIF), Mexico’s Financial Intelligence Unit.

“President Biden, Vice President Harris, and the Treasury Department are committed to taking decisive action to disrupt the funding and operations of deadly fentanyl-trafficking cartels like CJNG,” said Deputy Secretary of the Treasury Wally Adeyemo. “CJNG’s diverse revenue streams, including fuel theft, ultimately strengthen its ability to traffic fentanyl and other deadly drugs into the United States. Treasury will continue to use its expertise and tools to target relentlessly drug trafficking gangs to make our communities safer and keep poisonous drugs like fentanyl off our streets.” 

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