30 Jun 2025
💵FinCEN Prohibits Fund Transmittals Involving Vector Casa de Bolsa
Imposition of Special Measure Prohibiting Certain Transmittals of Funds Involving Vector Casa de Bolsa, S.A. de C.V.
Summary
FinCEN is issuing notice of an order prohibiting certain transmittals of funds involving Vector Casa de Bolsa, S.A. de C.V., 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 regulation imposes a prohibition on certain fund transmittals involving Vector Casa de Bolsa due to its role in facilitating money laundering connected to opioid trafficking. This action directly impacts financial institutions engaging with Vector, necessitating compliance changes and increased scrutiny on transactions with international entities linked to illicit activities.