FinCEN Restrictions under FEND Off Fentanyl Act Targets Mexican Financial Institutions

FinCEN, the Financial Crimes Enforcement Network of the U.S. Treasury has issued new restrictions under the FEND Off Fentanyl Act, targeting three Mexican financial institutions, CIBanco S.A., Institution de Banca Multiple (CIBanco), Intercam Banco S.A., Institución de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector)—as being of primary money laundering concern in connection with illicit opioid trafficking.

As of July 21, 2025, U.S. financial institutions will be prohibited from maintaining accounts or processing transactions involving these entities. These entities have been placed under intervention by the banking regulatory authority of the Mexican government and are facing material operational and reputational challenges as a result. If you or your business have accounts, transactions, or any financial ties with CIBanco, Intercam, or Vector, we strongly recommend reviewing your exposure immediately. We are able to assist you with risk assessments, transactional reviews and alternatives to mitigate exposure risk.

This summary is provided for informational purposes only and is not intended to constitute legal advice nor does it create an attorney-client relationship with Rimon, P.C. or its affiliates.

We specialize in representing U.S. and Latin America-based family offices, high-net-worth individuals, institutional investors, and private and public companies in connection with their activities inbound to and outbound from Latin America, with a focus on U.S.-Latin America cross-border transactions.  Many of our attorneys are fully bicultural and bilingual native Spanish speakers with decades of experience working both in Latin America and the United States who provide our clients with the deep insight and local knowledge necessary for success in any evolving marketplace. Read more here