FinCEN Issues Supplemental Alert on Fuel Smuggling and Tax Evasion Schemes on the Southern Border Associated with Mexico-Based Cartels | FinCEN.gov

https://www.fincen.gov/news/news-releases/fincen-issues-supplemental-alert-fuel-smuggling-and-tax-evasion-schemes-southern
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2026-06-30 19:12:34 · pdonofrio@vixio.com
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Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a supplemental Alert to advise financial institutions to be vigilant in detecting, identifying, and reporting suspicious activity connected to Cartel de Jalisco Nueva Generacion (CJNG) and other Mexico-based transnational criminal organizations smuggling fuel from the United States into Mexico in schemes involving Mexican tax evasion known as fiscal fuel theft.

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TITLE: Financial Crimes Enforcement Network Issues Supplemental Alert on Fuel Smuggling and Tax Evasion Schemes BODY: On June 30, 2026, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a supplemental alert advising financial institutions to detect, identify, and report suspicious activity connected to fuel smuggling and tax evasion schemes on the southern border. The alert specifically targets activity associated with Cartel de Jalisco Nueva Generacion (CJNG) and other Mexico-based transnational criminal organizations engaged in smuggling fuel from the United States into Mexico through schemes involving Mexican tax evasion, known as fiscal fuel theft. FinCEN's alert provides an overview of methodologies and financial typologies associated with these fiscal fuel theft schemes, highlights red flag indicators, and reminds financial institutions of their reporting obligations under the Bank Secrecy Act (BSA). The alert applies to all financial institutions, including depository institutions, casinos, money services businesses, insurance companies, mortgage companies and brokers, precious metals and jewelry dealers, and securities and futures firms. The supplemental alert was issued in conjunction with an Office of Foreign Assets Control (OFAC) sanctions action targeting two Mexican nationals and nine entities tied to CJNG's fuel smuggling operations. FinCEN coordinated this action in partnership with the South Texas Homeland Security Task Force to address the financial infrastructure supporting cross-border fuel-smuggling schemes. Financial institutions should review FinCEN's supplemental alert and implement enhanced monitoring procedures to identify transactions potentially connected to these schemes. The alert is available on FinCEN's website and provides detailed guidance on suspicious activity reporting requirements under the BSA.
  • ✓ Scraped:2026-06-30 19:12:34
  • ✓ Created:2026-06-30 19:12:34
  • ✓ By:pdonofrio@vixio.com (38)