Treasury Targets Terrorism and Timeshare Fraud in Mexico

Scams Targeting U.S. Victims Produce Significant Revenue for CJNGWASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned four Mexican individuals and 13 Mexican companies linked to timeshare fraud led by the Cartel de Jalisco Nueva Generacion (CJNG). These individuals and companies are based in or near Puerto Vallarta, a popular tourist destination that also serves as a strategic stronghold for CJNG. A brutally violent cartel, CJNG is a U.S.-designated Foreign Terrorist Organization (FTO) that is increasingly supplementing its drug trafficking proceeds with alternative revenue streams such as timeshare fraud and fuel theft. “We are coming for terrorist drug cartels like Cartel de Jalisco Nueva Generacion that are flooding our country with fentanyl,” said Secretary of the Treasury Scott Bessent.