Mexico's Ministry of Finance and Public Credit announced that its Financial Intelligence Unit has added 20 subjects to the Blocked Persons List, including 11 subjects designated by the United States Treasury's Office of Foreign Assets Control for alleged links to a hydrocarbon theft network associated with the Jalisco New Generation Cartel. The 11 OFAC-designated subjects comprise two individuals and nine legal entities. The Mexican action also covers nine additional persons identified through domestic analysis. The case involves companies linked to the transport, logistics and hydrocarbon trading sectors that were allegedly used to facilitate the concealment and movement of illicit funds. Mexican authorities said their fiscal, financial and corporate review found possible signs of money laundering and discrepancies between income reported to the tax authority and resources observed in the financial system. The review also identified possible schemes involving vulnerable activities, international transfers, significant cash transactions and the acquisition of high-value goods. The ministry framed the measure as part of coordinated action between Mexican and US authorities to restrict use of the financial system for activities allegedly tied to illicit proceeds and to disrupt the financial structures supporting hydrocarbon theft and illegal fuel trading.

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