On Jun. 30, 2025, FinCEN issued notice of order prohibiting certain transmittals of funds from or to CIBanco, Intercam, Vector, due to AML concerns, in federal register.
Action is effective 21 days after publication in the federal register, on Jul. 21, 2025.
On Jun. 25, FinCEN prohibited transactions with 3 Mexican banks.
FinCEN, US Treasury issued orders identifying 3 Mexican financial institutions as being of primary money laundering concern in connection with the illicit trafficking of opioids.
Concurrently, Senate Scott applauded action; direct result of the FEND Off Fentanyl Act
Special Measure Orders
Identified CIBanco S.A., Institution de Banca Multiple, Intercam Banco S.A., Institución de Banca Multiple, and Vector Casa de Bolsa, S.A. de C.V. as being of primary concern.
Covered financial institution is prohibited from engaging in any transmittal of funds from or to CIBanco, Intercam, and Vector, due to primary money laundering concern.
Notes financial institutions were used by Mexican drug cartels, including Cartel Jalisco Nueva Generación, Sinaloa Cartel, Gulf Cartel, others, to facilitate money laundering.
Played vital role in laundering millions of dollars on behalf of Mexico-based cartels and facilitated payments for precursor chemicals procurement needed to produce fentanyl.
Actions are pursuant to Fentanyl sanctions act and FEND off fentanyl act (21 USC 2341) providing authorities to target fentanyl trafficking-linked money laundering.
Frequently Asked Questions
Sets out FinCEN/US Treasury authority under section 2313a (21 USC 2313a).
Explains the nature of the banks' products and services, and why US Treasury determined that these entities are tied to fentanyl and related money laundering.
Covered institutions should cease all transmittals of funds, from or to CIBanco,
Intercam, or Vector and consider the finding of primary money laundering concern. Orders do not impose new SAR obligations or otherwise alter existing SAR obligations.
Effectiveness
Prohibitions become effective 21 days after publication in the federal register.
Jun. 30, 2025 FinCEN Fed Reg Orders
On Jun. 30, 2025, FinCEN issued notice of order prohibiting certain transmittals of funds from or to CIBanco, Intercam, Vector, due to AML concerns, in federal register.
Action is effective 21 days after publication in the federal register, on Jul. 21, 2025.
