Mexico’s Ministry of Finance and Public Credit, through the Financial Intelligence Unit (UIF) and in coordination with US authorities, expanded domestic account-blocking measures linked to an alleged timeshare fraud scheme connected to the Jalisco New Generation Cartel (CJNG). The UIF added seven additional subjects to Mexico’s Blocked Persons List, complementing designations by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury. OFAC designated 24 subjects in total, comprising five individuals and 19 legal entities. The UIF’s additions cover six individuals and one legal entity tied to the operational, family and corporate core identified during the investigation, following financial, tax and corporate analysis that identified significant resource flows, international transfers, investment instruments, substantial spending through charge cards and equity participation across multiple companies primarily in western Mexico, including tourist areas in Jalisco and Nayarit. Complaints were also filed with Mexico’s Office of the Attorney General (Fiscalía General de la República) for alleged money laundering, with the ministry framing the actions as aligned with Mexico’s legal framework and Financial Action Task Force (FATF) standards.
Ministry of Finance & Public Credit (Mexico) 2026-02-19
Mexico's Ministry of Finance and Public Credit adds seven subjects to its blocked persons list as US OFAC designates 24 over CJNG-linked timeshare fraud
Mexico’s Ministry of Finance, with US authorities, expanded account-blocking measures for a timeshare fraud linked to the Jalisco New Generation Cartel. The Financial Intelligence Unit added six individuals and one entity to Mexico’s Blocked Persons List, complementing the US Office of Foreign Assets Control's designation of 24 subjects. Complaints were filed for alleged money laundering, aligning with Mexico’s legal framework and Financial Action Task Force standards.