US sanctions three Mexico-based financial institutions linked to fentanyl trade

US sanctions three Mexico-based financial institutions linked to fentanyl trade

The US Treasury Department on Wednesday took a significant step in its fight against fentanyl trafficking, prohibiting certain financial transactions with three Mexico-based institutions, CIBanco, Intercam Banco, and Vector Casa de Bolsa. The move, led by the Treasury’s Financial Crimes Enforcement Network (FinCEN), marks the first use of new sanctions under the Fentanyl Sanctions Act…

Read More