WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) extended the effective dates for orders issued on June 25, 2025, prohibiting certain transmittal of funds involving three Mexico-based financial institutions. Covered financial institutions will now have an additional 45 days—until September 4, 2025—to implement the orders prohibiting certain transmittal of funds involving CIBanco S.A., Institution de Banca Multiple (CIBanco), Intercam Banco S.A., Institución de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector), each of which FinCEN found to be of primary money laundering concern in connection with illicit opioid trafficking pursuant to the Fentanyl Sanctions Act and the FEND Off Fentanyl Act.
“For months, Treasury and the Government of Mexico have been jointly coordinating to safeguard our financial institutions from terrorist cartels and their money laundering operations, which culminated in the historic orders issued against these institutions,” said FinCEN Director Andrea Gacki. “Treasury will continue to take every action necessary to protect the U.S. financial system from abuse by illicit actors and target the financing of transnational criminal organizations and narcotics traffickers.”
This extension reflects that the Government of Mexico has taken further steps to address the concerns raised in FinCEN’s orders, including by assuming temporary management of the affected institutions to promote regulatory compliance and the prevention of illicit finance. Treasury will continue to coordinate closely with the Government of Mexico on these matters and will carefully consider all facts and circumstances in considering any further extensions to the implementation date of the orders. Today’s order by FinCEN can be found here. Links to FinCEN’s original orders regarding CIBanco, Intercam, and Vector can be found here. Frequently Asked Questions can be found here. Questions about the orders should be directed to www.fincen.gov/contact.
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