FinCEN again delays U.S. ban on three Mexican financial institutions
By 
Aaron Nicodemus2025-08-28T20:40:00
The order barring three Mexican financial institutions from doing business with U.S. financial institutions has been delayed until October.
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) had ordered that the three financial institutions—CIBanco, Intercam Banco, and Vector Casa de Bolso—be banned from transacting with U.S. financial institutions starting June 25. FinCEN accused the three institutions of being “of primary money laundering concern” for allowing illicit proceeds generated by fentanyl trafficking to move on their platforms for the benefit of Mexican cartels.
Related articles
-
PremiumThanks to 'laser focus' on cartels, Trump admin creates new corporate risks in Mexico
The Trump administration’s designation of Mexican cartels as terrorist organizations in February has made doing business in Mexico riskier than ever before for corporations.
-
News BriefFinCEN bars three Mexican financial institutions for aiding cartels in fentanyl trade
Three Mexican financial institutions will be barred from transacting with U.S.-based banks after a U.S. Treasury agency determined that the institutions allowed their networks to aid the illegal fentanyl trade of Mexican criminal organizations.
-
News BriefBSA failures lead to $42M fine for Brink's over unregistered cash shipments to Mexico
Armored car company Brink’s Global Services will pay $42 million in penalties to settle charges laid by federal regulators for violating anti-money laundering provisions of the Bank Secrecy Act.
More from Regulatory Policy
-
ArticleMore than 100 ‘anticompetitive’ federal regulations poised for the chopping block
About 125 federal regulations deemed anticompetitive by President Trump are poised for possible elimination, following recommendations delivered Wednesday to the Office of Management and Budget (OMB).
-
ArticleDigital wallets to speed up regulatory checks for recruitment, property transactions
You can already buy a coffee with your phone, but soon you could start a job or buy a house with it. Digital compliance wallets holding certificates and documents on smartphones are gaining traction worldwide.
-
ArticleU.K. delays audit reforms even as regulator piles on financial pressure
Delays to the U.K.’s Audit Reform and Corporate Governance Bill and creation of the ARGA regulator have sparked criticism. On Sept. 8, 66 MPs sent a letter to the Prime Minister urging reforms be returned to the Parliamentary agenda.