Stating that the Mexican CIBanco, Intercam and Vector financial institutions are helping criminal groups to launder money, American banks are now prohibited to do business with them.
This morning’s announcement caused Mexico’s SAT (the equivalent to the U.S. Treasury Department) and its watchdog the Unit of Financial Intelligence to state that the accusations will be investigated.
The banks involved had not issue statements at this time. Foreigners who receive or send transfers to the U.S. through any of these banks won’t be able to do it anymore until this issue is resolved. Stay tuned.
More information here (US Department of Treasury)…