The Financial Crimes Enforcement Center (FinCEN)”is a bureau of the U.S. Department of the Treasury. The Director of FinCEN is appointed by the Secretary of the Treasury and reports to the Treasury Under Secretary for Terrorism and Financial Intelligence. FinCEN’s mission is to safeguard the financial system from illicit activity, counter money laundering and the financing of terrorism, and promote national security through strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence.”.
On June 25, 2025, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) imposed special measures under Section 9714 of the Fentanyl Sanctions Act and the FEND Off Fentanyl Act, designating three Mexico-based financial institutions, CIBanco, Intercam Banco, and Vector Casa de Bolsa , as primary money laundering concerns. The action prohibits US financial institutions from processing transmittals of funds to or from these entities, or to any account or digital asset address they administer. This marks the first use of these new authorities, aimed at disrupting financial infrastructure exploited by cartels for fentanyl trafficking and precursor procurement.
According to FinCEN’s findings, the designated institutions played a key role in laundering funds on behalf of major cartels including CJNG, the Gulf Cartel, the Beltran-Leyva Organization, and the Sinaloa Cartel. The institutions processed millions of dollars in payments to China-based suppliers of precursor chemicals used in fentanyl production. Examples include a 2023 incident in which a CIBanco employee knowingly created an account to launder USD 10 million for a Gulf Cartel member, and Intercam executives meeting with CJNG associates to design laundering schemes involving US dollar wire transfers to China. Vector was linked to over USD 2 million in laundered proceeds for the Sinaloa Cartel, and over USD 1 million in payments to Chinese chemical exporters from 2018 to 2023. From TRM Blog June 25, 2025.
