US Treasury Sanctions Cartel Leader in Fuel Theft Crackdown
The US Treasury Department announced sanctions on three Mexican nationals and two Mexican companies involved in fuel theft and smuggling by the Cartel Jalisco Nueva Generacion.
The new batch of sanctions are the latest in ongoing efforts by Mexico and the US to curtail stolen fuel shipments that have cost the Mexican government billions of dollars and become the most significant non-drug revenue for the Cartels according to a Thursday statement from the Treasury's financial crime enforcement division. Last year, Treasury's Office of Foreign Assets Control sanctioned nine Mexican nationals and 26 Mexico-based entities linked to fuel theft, known colloquially in Mexico as huachicol.
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