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US Treasury cracks down on Jalisco New Generation Cartel with sanctions and a bank alert
The U.S. Treasury imposed sanctions on two Mexican men and nine companies linked to the Jalisco New Generation Cartel (JNGC) for involvement in a fuel theft ring evading Mexican taxes. Treasury also issued a bank alert to financial institutions warning of fuel smuggling schemes tied to the cartel, which has expanded beyond drug trafficking to generate revenue.
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