US Accuses Three Mexican Financial Firms of Aiding Fentanyl Trafficking

The US government identified three Mexican financial firms for potentially laundering proceeds from illicit drug trafficking, effectively choking them off from the US financial system as it seeks to clamp down on cartels.

The US Treasury’s Financial Crimes Enforcement Network, or FinCEN, said CIBanco SA, Intercam Banco SA and brokerage Vector Casa de Bolsa SA are all “of primary money laundering concern,” according to a statement Wednesday. The orders prohibit certain transmissions of funds involving those firms.