The Financial Crimes Enforcement Network (FinCEN) extended the effective dates of its 25 June 2025 orders prohibiting certain transmittals of funds involving three Mexico-based financial institutions, giving covered financial institutions until 20 October 2025 to implement the restrictions. Issued under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act, the measures follow FinCEN findings that 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. are of primary money laundering concern in connection with illicit opioid trafficking. The extension reflects steps taken by the Government of Mexico to address the concerns raised in FinCEN’s orders, including maintaining temporary management of the affected institutions to promote regulatory compliance and prevent illicit finance. Treasury will continue to coordinate with the Government of Mexico and will consider all facts and circumstances in relation to implementing the orders.
Financial Crimes Enforcement Network 2025-08-19
United States Financial Crimes Enforcement Network extends to 20 October 2025 the implementation deadline for fund transfer prohibitions involving CIBanco Intercam and Vector
FinCEN extended its orders prohibiting fund transmittals involving three Mexico-based financial institutions until 20 October 2025. The measures target CIBanco, Intercam Banco, and Vector Casa de Bolsa due to money laundering concerns linked to opioid trafficking. The extension acknowledges Mexico's efforts to address these concerns, including temporary management to ensure compliance and prevent illicit finance.