Mexican president demands proof after US accuses banks of laundering drug money
Briefly

Mexican President Claudia Sheinbaum voiced her concerns regarding recent US sanctions targeting three Mexican financial institutions accused of laundering drug money tied to organized crime. She highlighted that the US Treasury Department has yet to provide any concrete evidence supporting these allegations, urging for proof to facilitate cooperation. The Treasury's sanctions specifically involve CiBanco, Intercam, and Vector Casa de Bolsa, which are accused of playing significant roles in the fentanyl supply chain. This incident aligns with the increased tension between Mexico and the Trump administration over drug trafficking policies.
Mexican president Claudia Sheinbaum expressed frustration at US sanctions against three Mexican financial institutions accused of laundering drug money, and said the US has not yet provided any evidence of criminal activity.
The US treasury department announced on Wednesday it was placing sanctions on three separate Mexican financial institutions, accusing them of being used to launder money for organized crime.
Read at www.theguardian.com
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