The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has extended the effective dates for orders prohibiting certain transmittal of funds involving three financial institutions based in Mexico. The new deadline for covered financial institutions to comply is October 20, 2025.
The extension applies to CIBanco S.A., Institución de Banca Multiple (CIBanco), Intercam Banco S.A., Institución de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector). FinCEN previously found these institutions to be of primary money laundering concern in connection with illicit opioid trafficking under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act.
“Treasury and the Government of Mexico continue to make progress in joint efforts to safeguard our financial institutions and economies from terrorist cartels and their money laundering activities,” said FinCEN Deputy Director Jimmy Kirby. “This close partnership plays a critical role in Treasury’s comprehensive efforts to protect the U.S. financial system from criminal abuse and target the financing of transnational criminal organizations and narcotics traffickers.”
According to FinCEN, this extension follows continued action by Mexican authorities, including temporary management over the affected banks to promote compliance with regulations and prevent illegal finance activities. Both governments are maintaining close coordination as they monitor developments related to these orders.
Further information about today’s order is available on FinCEN’s website, where links are provided for the original orders as well as frequently asked questions.
