US sanctioned banks in Mexico have blocked transfers and capped withdrawals, leaving customers in limbo as they scramble for workarounds.
Puerto Vallarta, Mexico - In late June 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its first ever orders under the 2024 FEND Off Fentanyl Act (FOFA), formally declaring CIBanco and Intercam—alongside Vector Casa de Bolsa—as “primary money laundering concerns” in connection with illicit opioid trafficking. Under these “special measures” (akin to those available under Section 311 of the USA PATRIOT Act), covered U.S . . .
