US agencies’ notice about Mexico timeshare fraud doubles as handy surveillance checklist

FinCEN’s joint notice with OFAC and the FBI directs financial firms to identify and report timeshare fraud conducted by Mexico-based criminal entities.

Three US agencies have issued a notice directing financial institutions to operationalize the threats posed by timeshare fraud and Mexico-based transnational criminal organizations such as the Jalisco New Generation Cartel, commonly known as CJNG.

In their joint statement, the US Treasury’s Office of Foreign Assets Control (OFAC) and its Financial

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