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Mexican timeshare resort sanctioned by US for facilitating cartel fraud

( February 19, 2026, 16:02 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned a timeshare fraud network led by the terrorist Cartel de Jalisco Nueva Generacion. The action targets Kovay Gardens, a Mexican timeshare resort, as well as five Mexican individuals and 17 Mexican companies associated with the network. Many of the individuals and entities are based in or near Puerto Vallarta, a popular tourist destination that also serves as a strategic stronghold for CJNG, a cartel that continues to diversify its revenue streams beyond drug trafficking.Statement follows below: ...

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