Regulatory Alerts2025-05-01 | FIN-2025-Alert002Added
FinCEN Alert on Oil Smuggling Schemes on the U.S. Southwest Border Associated with Mexico-Based Cartels (FIN-2025-Alert002)
FinCEN urges financial institutions to detect, identify, and report suspicious activity connected to the smuggling of stolen crude oil from Mexico across the U.S. southwest border by transnational criminal organizations. The alert outlines specific methodologies, such as mislabeling stolen crude as waste oil and using complicit U.S. importers, and provides red flag indicators to help institutions recognize these schemes. Financial institutions are requested to reference the alert by including the key term “FIN-2025-OILSMUGGLING” in SAR field 2 and the narrative when filing Suspicious Activity Reports.
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