FinCEN Uses New Power to Go After Mexican Banks That Work with Drug Cartels
—FinCEN Targets Mexico Banks Over Cartel Money Laundering
—FinCEN Targets Mexico Banks Over Cartel Money Laundering
The U.S. Financial Crimes Enforcement Network (FinCEN) has officially named three Mexico-based banks as "primary money laundering concerns" under Section 311 of the USA PATRIOT Act and expanded authorities given to it by the FEND Off Fentanyl Act (FOFA). This is a big step in enforcement.
The move, which was made public on June 25, 2025, is the first time FinCEN has used its fentanyl-related authority to stop money from going to cartels. The names are aimed at:
CIBanco S.A.
Intercam Banco S.A.
Vector Casa de Bolsa S.A. de C.V. is one of Mexico's biggest broking firms and manages about $11 billion in assets.
FinCEN has pushed back its original September 4 deadline for U.S. banks, remittance companies, and money service organisations to stop sending money to these companies until October 20, 2025.
Jeffrey E. Byrd connects the dots that most people don't even see on the same map. As the founder of Financial-Journal, his reporting focuses on the powerful currents of technology and geopolitics that are quietly reshaping global systems, influence, and power structures.
His work follows the hidden pipelines—where data, defense, finance, and emerging technology intersect. He highlights the players who move behind the curtain: governments, intelligence networks, private security alliances, and digital industries shaping tomorrow's geopolitical terrain.
Jeffrey’s mission is to give readers clarity in a world where complexity is used as strategy.
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