US Sanctions Mexican Banks for Money Laundering, No Evidence Provided
This article first appeared in the June 26, 2025 edition of Sin Embargo.
Yesterday, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced it had prohibited “certain funds transfers involving CIBanco, Intercam, and Vector,” Mexico-based financial institutions, after deeming them “primary sources of money laundering concern related to illicit opioid trafficking.”
President Claudia Sheinbaum Pardo announced Thursday morning that the United States (US) warned weeks ago about accusations of money laundering against two banks and a brokerage firm based in Mexico , so the federal government requested more information about the operations that would prove the commission of said crime, but the data never arrived.
“I want to comment on what came out yesterday from the U.S. Treasury Department, regarding these administrative sanctions against two Mexican banks and a brokerage firm. Yesterday there was a statement from the Treasury Department,” she said at the start of her traditional morning press conference.
According to Mexican President Claudia Sheinbaum Pardo, the Financial Intelligence Unit (UIF) and the Ministry of Finance and Public Credit (SHCP) received “confidential information from the Treasury Department and FinCEN—which is the mirror institution of the UIF in the United States—a few weeks ago regarding these three financial institutions.”
“The information that came from this statement issued by the Treasury Department… Well, as soon as the UIF and the Ministry of Finance found out, they let me know. This statement contained very general information. There was no detailed information about the reasons why they believed these financial institutions were engaged in money laundering,” President Claudia Sheinbaum explained.
People’s Mañanera June 26
President Claudia Sheinbaum’s daily press conference with comments on US accusations against Mexican banks for money laundering, “wellbeing” hubs, and United Nations payments.
US Attacks Mexico, Calling it a “Foreign Adversary”
The comments were made by US Attorney General Pam Bondi during a Senate Approprations Committee hearing.
Against Cuba: A Fetid, Arbitrary and Despotic Obsession
The oil Cuba requires to sustain its energy demands in the face of vicious US sanctions and financial attacks is truly minimal compared to Mexican production.