US Edition
Mexican Banks Face Cascading Consequences Following US Sanctions
- On June 25, FinCEN designated three Mexican institutions as ‘primary money laundering concerns’ under new fentanyl sanctions, marking their first use of this authority.
- On June 25, FinCEN designated three Mexican banks as primary money laundering concerns under new anti-fentanyl laws, marking their first use of these authorities.
- FinCEN designated three Mexican banks as primary money laundering concerns on June 25, 2025, marking the first use of new anti-fentanyl sanctions under the FEND Off Fentanyl Act.
- Following US sanctions, clients withdrew funds, prompting CNBV to intervene and Citi to sever ties with CIBanco and Intercam, causing immediate financial disruptions.
- U.S. sanctions against Mexican banks may influence Mexico’s upcoming FATF review and set a precedent for stricter crypto and AML controls, with long-term implications for financial oversight.
131 Articles
131 Articles
The leading bank executives gathered at a luxury resort on Mexico’s peaceful coast met an unexpected guest at an annual convention held in May: a senior U.S. Treasury official had flown there to issue a strong warning. Donald Trump’s administration wanted to make it clear that business would not continue to be done as usual with banks suspected of collaborating with drug cartels, listed by the U.S. as terrorist organizations.
Regulatory Takeover: Mexico's Banking Giants Face U.S. Sanctions
Mexico's banking regulator steps in to manage CIBanco and Intercam Banco after U.S. sanctions for alleged money laundering tied to organized crime. The Treasury's move, affecting two banks and Vector Casa de Bolsa, isolates these institutions from the U.S. financial system, raising concerns over Mexican banking stability.
Our message to all Mexican government authorities requires extraordinary measures to address threats from the U.S. government
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