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Financial Crime, North America, US

NEWS: FinCEN warns US FIs that stolen oil is fueling Mexican cartels

Premium May 1, 2025

CARTELS: Members of the National Guard (Guardia Nacional de México) patrol Playa Pescadores in Tulum against drug cartel violence.

NEWS: Financial crime activity reaches $4.4 trillion per year, growing nearly 20% annually

NEWS: World law enforcement chiefs set for EAFCS2026 to enhance fight against fraud and financial crime

NEWS: Orca Fraud raises $2.35M to scale real-time fraud intelligence tech

By PAUL O’DONOGHUE, Senior Correspondent

FINCEN, the AML unit of the Treasury, has warned U.S. financial institutions that oil smuggling is fueling the profits of Mexican cartels.

In a formal alert, the organization said oil now ranks as the second-biggest revenue source for the notorious Jalisco New Generation Cartel (CJNG), after drugs.

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NEWS: Financial crime activity reaches $4.4 trillion per year, growing nearly 20% annually

NEWS: World law enforcement chiefs set for EAFCS2026 to enhance fight against fraud and financial crime

NEWS: Orca Fraud raises $2.35M to scale real-time fraud intelligence tech

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