U.S. Grants Temporary Reprieve To Mexican Financial Firms Accused Of Helping Launder Cartel Money

The US Treasury banned certain transactions with Mexican financial institutions CIBanco, Intercam Banco, and Vector Casa de Bolsa as part of a sanctions package (Credit: Via Getty Images)

The U.S. is granting a reprieve to three Mexican financial firms recently sanctioned for their alleged role in helping launder cartel money.

Concretely, the Treasury Department noted that the Claudia Sheinbaum administration is making progress to address the matter, and will grant an additional 45 days before ta ban on fund transfers with the three companies goes into effect.