FinCEN alerts FIs of the growing risk of cartel-linked oil smuggling across the US-Mexico border, with criminal organisations profiting from stolen crude oil, fueling corruption and violence in Mexico

The alert issued in collaboration with multiple U.S. law enforcement agencies including the DEA, FBI, and DHS, underscores the growing threat posed by Mexico-based transnational criminal organizations, particularly the Jalisco New Generation Cartel (CJNG), Sinaloa Cartel, and the Gulf Cartel. These organizations are deeply involved in smuggling stolen crude oil from Mexico, often facilitated by complicit brokers within Mexico’s oil and gas industry…