30 Jun 2025
🚫FinCEN Prohibits Funds Transmittals Involving Intercam Banco
Imposition of Special Measure Prohibiting Certain Transmittals of Funds Involving Intercam Banco S.A., Institución de Banca Multiple
Summary
FinCEN is issuing notice of an order prohibiting certain transmittals of funds involving Intercam Banco S.A., Instituci[oacute]n de Banca Multiple, a financial institution operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking.
Agencies
- Treasury Department
- Financial Crimes Enforcement Network
Business Impact
$$$ - High
The text imposes a special measure prohibiting certain transmittals of funds involving Intercam Banco S.A., a financial institution linked to illicit opioid trafficking. This directly affects covered financial institutions in the U.S., requiring compliance with new regulatory requirements, and poses significant financial implications for businesses engaged in cross-border transactions.