💰FinCEN Extends Measures Against Certain Mexican Financial Institutions
Imposition of Special Measures Prohibiting Certain Transmittals of Funds Involving CIBanco S.A., Institución de Banca Multiple, Intercam Banco S.A., Institución de Banca Multiple, and Vector Casa de Bolsa, S.A. de C.V.; Extension of Effective Date
Summary
FinCEN is issuing notice of an order amending its three June 2025 orders, as amended by its July 2025 order, prohibiting certain transmittals of funds involving CIBanco S.A., Instituci[oacute]n de Banca Multiple (CIBanco), Intercam Banco S.A., Instituci[oacute]n de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector), financial institutions operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking. This order extends the effective date of the three prior orders to October 20, 2025.
Agencies
- Treasury Department
- Financial Crimes Enforcement Network
Business Impact
$$$ - High
The text outlines regulatory measures banning certain financial transactions involving specific Mexican banks linked to money laundering concerns, which may affect U.S. businesses that rely on these institutions for transactions. Business owners must ensure compliance to avoid penalties.