Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Tag: Elisa de Anda Madrazo

Page 1/1

Regulatory Watch News

  • FINTRAC imposes an administrative monetary penalty on Immeubles Jack Sera Inc.

    FINTRAC

    May 1, 2025 — Ottawa — Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) FINTRAC announced today that it has imposed an administrative monetary penalty on Immeubles Jack Sera Inc., also operating as Royal LePage Classic. Following a compliance examination in 2022, this real estate broker in Laval, Quebec, was imposed an administrative monetary penalty of $107,250 on November 20, 2024, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

  • Treasury Targets Major Mexican Cartel Involved in Fentanyl Trafficking and Fuel Theft

    OFAC

    WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three Mexican nationals and two Mexico-based entities involved in a drug trafficking and fuel theft network linked to the Cartel Jalisco Nueva Generacion (CJNG). This network generates hundreds of millions of dollars annually, benefitting CJNG, through a slew of criminal activities, including fentanyl trafficking, fuel theft, and smuggling stolen crude oil from Mexico across the southwest border. Concurrently, Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert that provides financial typologies and red flags indicative of crude oil smuggling schemes on the U.S. southwest border associated with CJNG and other Mexico-based transnational criminal organizations.

  • FinCEN Issues Alert on Oil Smuggling Schemes on the U.S. Southwest Border Associated with Mexico-Based Cartels

    FinCEN

    Today, the Financial Crimes Enforcement Network (FinCEN) is issuing an Alert in coordination with the Department of the Treasury's Office of Foreign Assets Control (OFAC) and the U.S. Drug Enforcement Administration, Federal Bureau of Investigation, and Homeland Security Investigations, urging financial institutions to be vigilant in detecting, identifying, and reporting suspicious activity connected to the Jalisco New Generation Cartel (CJNG), Sinaloa Cartel, Gulf Cartel, and other Mexico-based transnational criminal organizations smuggling stolen crude oil from Mexico across the U.S. southwest border into the United States. In recent years, fuel theft in Mexico, including crude oil smuggling, has become the most significant non-drug illicit revenue source for the Cartels. According to U.S. law enforcement authorities, the Cartels are using complicit Mexican brokers in the oil and natural gas industry to smuggle and sell crude oil stolen from Mexico’s Petróleos Mexicanos (Pemex) to complicit, small U.S.-based oil and natural gas companies operating near the U.S. southwest border. As part of these schemes, the Cartels are stealing billions of dollars of crude oil, fueling rampant violence and corruption across Mexico, and undercutting legitimate oil and natural gas companies in the United States.

Sign Up To Our Newsletter

Contact Us