US Treasury Sanctions Three Major Mexican Banks in Landmark Cartel Money Laundering Crackdown
Summary The US Treasury Department has imposed sanctions on three prominent Mexican financial institutions – CIBanco, Intercam Banco, and Vector Casa de Bolsa – for allegedly laundering millions in cartel funds and facilitating fentanyl precursor chemical purchases. The sanctions effectively cut off these institutions from the US financial system and target 31 connected individuals, with […]
FinCEN Analysis: TBML Networks Drive Fentanyl Finance
Summary Trade-based money laundering schemes accounted for just 2% of fentanyl-related suspicious activity reports in 2024, yet represented 42% of the aggregate $1.4 billion in flagged transactions—exposing how sophisticated criminal networks exploit legitimate commerce to move cartel profits. FinCEN’s analysis of 1,246 Bank Secrecy Act reports reveals Mexican cartels increasingly rely on professional money laundering […]