The Trump administration has sanctioned three Mexican financial firms—CIBanco, Intercam Banco, and Vector Casa de Bolsa—for laundering drug cartel money tied to fentanyl production. The U.S. Treasury alleges the banks moved millions linked to chemical suppliers used by cartels like Jalisco New Generation and Sinaloa.
This marks the first use of the FEND Off Fentanyl Act. CIBanco reportedly moved $2.1 million in cartel-linked transactions. Vector also allegedly funneled cartel bribes to former Mexican officials. All three institutions now face restrictions from the U.S. financial system.
Treasury Secretary Scott Bessent labeled the banks “primary money laundering concerns.” The sanctions aim to disrupt a key supply chain fueling America’s opioid crisis, using financial pressure instead of force.
Mexico’s government claims no evidence has been shared, but U.S. officials emphasize a strong stance against banks aiding trafficking. With cartel activity increasingly tied to fentanyl deaths, the administration is escalating pressure on both criminal and financial networks.
