The U.S. Treasury Department has implicated three Mexican financial institutions—CIBanco, Intercam Banco, and Vector Casa de Bolsa—of facilitating opioid trafficking by moving funds for drug cartels. Secretary Scott Bessent highlighted the crucial role these banks play in the fentanyl supply chain. However, the Mexican Treasury Ministry has requested evidence from the U.S. and claims there is no substantiated wrongdoing. This announcement aligns with President Trump's push for Mexico to more aggressively tackle drug cartels and comes amid broader tensions regarding cross-border narcotics.
“Financial facilitators like CIBanco, Intercam, and Vector are enabling the poisoning of countless Americans by moving money on behalf of cartels, making them vital cogs in the fentanyl supply chain.”
“Mexican officials said none of the U.S. evidence they had seen added up to criminal wrongdoing regarding the financial institutions named by the U.S. Treasury.”
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