On July 5, 2025, the U.S. Department of the Treasury's FinCEN imposed sanctions on three Mexican financial institutions: CIBanco, Intercam Banco, and Vector Casa de Bolsa. These sanctions were imposed due to alleged facilitation of money laundering activities linked to drug cartels.
The sanctions prohibit certain transactions between U.S. banks and the Mexican institutions. Mexico's CNBV initiated temporary managerial interventions in CIBanco and Intercam Banco to protect depositors.
The Mexican government has expressed concerns over the lack of concrete evidence supporting the U.S. allegations. The sanctions have led to significant repercussions, including a loss of client trust and the withdrawal of services by international partners.