The U.S. Department of the Treasury has sanctioned CIBanco, Intercam Banco, and Vector Casa de Bolsa, alleging their role in laundering money for Mexican drug cartels linked to the fentanyl crisis. These sanctions form part of a broader strategy by President Trump's administration aimed at combating drug trafficking in Latin America. While the sanctions restrict fund transfers between the designated banks and U.S. institutions, Mexico's Finance Ministry has countered that it has not yet seen any credible evidence to substantiate these serious claims against its banks.
The U.S. Department of the Treasury has imposed sanctions on three Mexican banks, alleging their involvement in laundering money for drug cartels and fentanyl trafficking.
The sanctions are part of a broader U.S. campaign to combat Latin American gangs and drug traffickers, utilizing new legislation to enhance enforcement capabilities.
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