Mexican companies linked to Sinaloa and CJNG cartels

An analysis of records from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) reveals that 304 Mexican companies are linked to the Sinaloa Cartel and the Jalisco New Generation Cartel (CJNG). This figure represents 62% of the 487 Mexican business entities identified in OFAC sanction lists between 2007 and late 2024.

The data shows a significant diversification of business sectors used for alleged money laundering. The Sinaloa Cartel is primarily associated with 165 businesses, showing a strong presence in wholesale and retail trade, as well as restaurants, bars, and the health and beauty sectors.

In contrast, the CJNG is linked to 139 businesses, with a heavy concentration in real estate, hydrocarbons, and fuels, which account for 38% of its associated entities. Other sectors involved across both groups include construction, transportation, tourism, mining, and agribusiness.

While these OFAC designations impose financial restrictions, they do not constitute criminal convictions. The findings highlight how criminal organizations have moved beyond traditional illicit activities into various sectors of the formal economy.