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US Treasury Department sanctions Gulf Cartel members for illegal fishing

November 29, 2024 — Incessant poaching by Mexican fishermen off Texas is directly tied to the Gulf Cartel and its other criminal trafficking in narcotics and human smuggling, U.S. Treasury Department officials said in announcing sanctions against five cartel operatives.

The sanctions seek to block transactions and property transfers between the targeted cartel members and U.S. citizens. Illegal fishing operations in U.S. Gulf of Mexico territorial waters typically target snapper and shark species, smuggling their catch from off Texas back to fishing camps in Mexico – and often trans-shipment to U.S. buyers, according to Treasury officials.

“Today’s action highlights how transnational criminal organizations like the Gulf Cartel rely on a variety of illicit schemes like IUU (illegal, unreported and unregulated) fishing to fund their operations, along with narcotics trafficking and human smuggling,” said Bradley T. Smith, the Treasury department’s acting under secretary for terrorism and financial intelligence.

Read the full article at the National Fisherman

US says a drug cartel is behind the longstanding problem of illegal fishing in the Gulf of Mexico

November 27, 2024 — For years, U.S. authorities and fishermen have been complaining about illegal fishing for red snapper in the Gulf of Mexico, and now it’s been revealed who is behind the lucrative trade: a Mexican drug cartel.

The U.S. Treasury Department announced sanctions Tuesday against members of the Gulf drug cartel, which operates in the border cities of Reynosa and Matamoros, across from McAllen and Brownsville, Texas.

While commercial fishing and drug cartels may seem like an unlikely combination, it makes perfect sense for a criminal organization.

The department says the cartel uses fishing boats to facilitate drug and migrant smuggling; along the way, the boats catch tons of red snapper, a commercially valuable but vulnerable species. The boats often launch from Playa Bagdad, east of Matamoros, on the Gulf coast.

“The Gulf Cartel engages in the illicit trade of red snapper and shark species through ‘lancha’ operations based out of Playa Bagdad,” the department said. “Apart from their use for IUU (illegal, unregulated or unreported) fishing in U.S. waters, lanchas are also used to move illicit drugs and migrants into the United States.”

Read the full article at the Associated Press 

SBA expands PPP loan eligibility to more fishing vessel owners

June 26, 2020 — The U.S. Department of Treasury and the Small Business Administration announced on Thursday, 25 June, that commercial fishing vessel owners are now eligible to apply for Paycheck Protection Program (PPP) loans.

The loan program is a COVID-19 relief initiative designed to enable small business owners to keep workers on the payroll as the coronavirus impacted their operations. The loans can be fully forgivable if the recipient uses at least 60 percent of the funding toward paying workers.

Read the full story at Seafood Source

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