Mexico Fined Financial Firms Targeted by US Over Drug Claims
32 Articles
32 Articles
El Financiero
Periódico CorreoThe intervention made by the U.S. Treasury Department to three Mexican financial institutions is more serious than it seems. CI Banco, Intercam Banco and Vector Casa de Bolsa were identified at the end of June as facilitators to launder money from drug cartels and enable transactions with Chinese companies that illegally traffic in fentanyl, setting a deadline for U.S. banks to cut off their transfers of funds with these companies. A negotiation…
Mexico Fine to Financiers Accused by the u.s. of Laundering Money From Drug Traffickers - La Opinión
Mexico announced sanctions against the three institutions indicated by the Treasury Department for having alleged links with organized crime
The National Banking and Securities Commission (CNBV) puts in focus the institutions sanctioned by the Treasury Department of course narco-lavado
Mexico City, 15 Jul (EFE).- The National Banking and Securities Commission (CNBV) of Mexico imposed sanctions for more than 185 million pesos (about 9.82 million dollars or about 8.46 million euros) to Intercam, CIBanko and Vector Casa de Bolsa, after detecting operational irregularities in the context of an international investigation for alleged money laundering.The data of the CNBV until June 2025 are disseminated a few weeks after the U.S. T…
The Mexican banking regulator imposed fines in June for a total amount of more than 185 million pesos (about 10 million dollars) on CIBanco, Intercam and Vector, after they were reported by the United States for alleged money laundering practices, according to a statement published on Tuesday. Sanctions in Mexico are mainly related to behaviors related to the prevention of money laundering, according to data published recently in the database of…
Coverage Details
Bias Distribution
- 45% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
