Mexico's Ministry of Finance and Public Credit said its Financial Intelligence Unit has added 63 subjects to the Blocked Persons List and filed a complaint with the Attorney General's Office for suspected money laundering tied to the financial network of the Jalisco New Generation Cartel. The action follows a coordinated U.S.-Mexico case in which the U.S. Treasury's Office of Foreign Assets Control designated 55 subjects, comprising 39 individuals and 16 legal entities, allegedly linked to that network. Mexican authorities said their financial, tax and corporate analysis identified indicators of possible illicit proceeds activity, including cash transactions, purchases of high-end vehicles, jewelry and real estate, international transfers, intensive use of credit and service cards, and transactions involving virtual assets. The review also found possible mismatches between income reported to the tax authority and funds observed in the financial system. In addition to the subjects covered by the U.S. designation, the Financial Intelligence Unit added eight more subjects, comprising four individuals and four legal entities, linked to the same financial structure. Some companies were identified as carrying out illicit activity, while others showed characteristics of shell companies or corporate structures with limited or no apparent economic activity.

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