US EditionUS Blocks Money Transfers by 3 Mexico-Based Financial Institutions Accused of Aiding Cartels
- On June 25, 2025, the U.S. Treasury imposed sanctions on three Mexican financial firms—including CIBanco, a currency exchange bank, and a brokerage firm—for allegedly aiding fentanyl trafficking activities.
- The sanctions follow a broader Trump administration campaign using the Fentanyl Sanctions Act to target cartels and their financial networks.
- FinCEN cited that these institutions processed millions in payments linked to precursor chemicals and laundered money for cartels including the Sinaloa, Gulf, CJNG, and Beltrán-Leyva groups.
- Treasury Secretary Scott Bessent called the banks "vital cogs in the fentanyl supply chain," while Vector denied accusations and pledged full cooperation to clarify the situation.
- The sanctions prohibit U.S. transactions with these firms' Mexican locations, aiming to disrupt cartel finances but have not yet blocked all their global dollar activities.
175 Articles
175 Articles
US sanctions Mexican finance firms over cartel links
The US sanctioned three prominent Mexican financial institutions over their alleged role in laundering money for cartels. Washington said the firms funneled money to Chinese firms that produce the precursors for fentanyl, the powerful synthetic opioid that has stoked a drug epidemic in the US. One of the sanctioned firms is owned by the former chief of staff for ex-President Andrés Manuel López Obrador, who crime experts say gave free rein to dr…
America First Report
Treasury Hits 3 Banks With Sanctions Over Alleged Cartel Money Laundering
(The Center Square)–The U.S. Treasury Department on Wednesday slapped sanctions on three Mexican-based banks that it said were used to launder millions of dollars for cartels. The move, officials said, would cut the banks off from the U.S. financial system. Treasury’s Financial Crimes Enforcement Network identified three Mexico-based financial institutions – CIBanco S.A., Institution de Banca Multiple (CIBanco), Intercam Banco S.A., Institución …
U.S. Sanctions Mexican Banks Over Fentanyl Cartel Laundering
The Trump administration has sanctioned three Mexican financial firms—CIBanco, Intercam Banco, and Vector Casa de Bolsa—for laundering drug cartel money tied to fentanyl production. The U.S. Treasury alleges the banks moved millions linked to chemical suppliers used by cartels like Jalisco New Generation and Sinaloa. This marks the first use of the FEND Off Fentanyl Act. CIBanco reportedly moved $2.1 million in cartel-linked transactions. Vector…
The U.S. Treasury Department announced that it issued actions against CIBanco, Intercam (commercial banks) and Vector (exchange house), Mexican financial institutions classified as “a major concern in money laundering in relation to illicit opioid trafficking, due to their long-standing pattern of associations, transactions and provision of financial services that facilitate illicit opioid trafficking by Mexican-based cartels.” According to the …
ThePatriotLight - Trump admin sanctions three Mexican financial firms over suspected links to drug cartels
ThePatriotLight - The Trump administration on Wednesday restricted US banks from making transactions with three Mexican financial firms over concerns that they are laundering money for drug cartels. The sanctions – the first implemented under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act – targeted Mexican banks CIBanco and Intercam Banco and the brokerage firm Vector Casa de Bolsa, which have a combined $22 billion in assets, accord…
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