The U.S. Treasury Department has taken strong action against three Mexican financial institutions for their alleged involvement in fentanyl trafficking and money laundering operations. The targeted institutions are CIBanco S.A., Intercam Banco S.A., and Vector Casa de Bolsa.
According to The Washington Post, the Financial Crimes Enforcement Network (FinCEN) identified these institutions as being of primary money laundering concern, particularly in connection with opioid trafficking. The U.S. orders will prevent American financial institutions from conducting any transactions with these Mexican companies.
