US Sanctions Mexican Cartel Leader in Sweeping Drug Crackdown

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Or sign-in if you have an account.(Bloomberg) — The US Treasury Department announced sanctions against more than 50 people and businesses linked to the Jalisco Cartel, which has been accused of trafficking fentanyl and other illegal drugs into the country from Mexico. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe department described the move as its largest-ever single action against the criminal organization, according to a statement Thursday. The targets include Juan Carlos Gonzalez, whom the US identified as the new leader of the Jalisco New Generation Cartel following the death earlier this year of his stepfather, Nemesio Rubén Oseguera Cervantes, according to the statement. Oseguera, known as “El Mencho,” was one of Mexico’s most-wanted kingpins when he was killed during a raid carried out by Mexican authorities in February. Gonzalez, known as “Pelon,” has been charged with drug trafficking, and the State Department is offering a $5 million reward for information leading to his capture.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe Jalisco cartel’s leadership increasingly relies on the family members of top traffickers, who made up many of the new targets identified by the Treasury Department’s Office of Foreign Assets Control, according to the statement. Sanctioned companies span sectors including tequila, clothing, construction and crop production.Among the targets are a network that has allegedly laundered tens of millions of dollars per year since at least 2023, as well as energy companies that have allegedly been involved in fuel theft and fentanyl trafficking. The Treasury Department warned in the statement that foreign banks could be hit with sanctions for doing business with the designated people and companies.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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