Counter Terrorism and Counter Narcotics Designation Update, Russia-related Designation Removal

Treasury Press Release: Treasury Targets Cartel-Linked Timeshare Resort Defrauding U.S. Citizens

Amendments:

The following changes have been made to OFAC’s SDN List:

• OFAC Programs:
  • [SDGT]  Global Terrorism Sanctions Regulations, 31 C.F.R. part 594
  • [ILLICIT-DRUGS-EO14059]  Executive Order 14059

KOVAY GARDENS

• AKA:
  • MARINA OASIS BEACHFRONT RESORT
  • NAVIRA VILLAS & RESIDENCES
  • NAVIRA VILLAS AND RESIDENCES
  • VALLARTA GARDENS
• Address: La Cruz de Huanacaxtle, Nayarit, Mexico
• Website: https://kovaygardens.com
• alt. Website: https://navira.com.mx
• Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
• Organization Established Date: 2002
• Organization Type: Short term accommodation activities
• Linked To: CARTEL DE JALISCO NUEVA GENERACION

Supplemental Information: The OFAC update text notes that Kovay Gardens is now operating under two new aliases: “Navira Villas & Residences” (with associated website navira.com.mx) and “Marina Oasis Beachfront Resort.” Per the linked Treasury press release dated February 19, 2026, Kovay Gardens is a CJNG-controlled timeshare resort located in La Cruz de Huanacaxtle, Nayarit, on the Bahia de Banderas, northwest of Puerto Vallarta. It was founded over 20 years ago by Carlos Humberto Rivera Miramontes under its original name, Vallarta Gardens, and is sanctioned pursuant to E.O. 14059 and E.O. 13224 for being directed by CJNG. The resort employs deceptive tactics — including robocalls and false promises about rental income — and shares its customer database with CJNG-controlled call centers to facilitate timeshare resale, re-rent, and re-victimization fraud schemes targeting U.S. persons.

List of Changes:

• Field Name: AKA
  • Added: MARINA OASIS BEACHFRONT RESORT
  • Added: NAVIRA VILLAS & RESIDENCES
  • Added: NAVIRA VILLAS AND RESIDENCES
• Field Name: alt. Website
  • Added: https://navira.com.mx

Delistings:

The following deletions have been made to OFAC’s SDN List:

• OFAC Programs:
  • [UKRAINE-EO13662]  Executive Order 13662
  • [RUSSIA-EO14024]  Executive Order 14024

ASTRA (XVJT7) Chemical/Oil Tanker Vietnam flag; Secondary sanctions risk: See Section 11 of Executive Order 14024.; alt. Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209; Vessel Registration Identification IMO 9273387; MMSI 574005470 (vessel) (Linked To: SAO VIET PETROL TRANSPORTATION COMPANY LIMITED).

Note: Interestingly, OFAC included the following helpful intro paragraph in its Recent Actions item… maybe they’ve been reading this old blog…

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has updated the identifiers for a Mexican timeshare resort engaged in fraud on behalf of the Cartel de Jalisco Nueva Generacion (CJNG). On February 19, 2026, OFAC designated Kovay Gardens pursuant to E.O. 14059 and pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, CJNG. Kovay Gardens is now using the following aliases: Navira Villas & Residences and Marina Oasis Beachfront Resort. Click here for more information about timeshare fraud and victim resources.