Negative
24Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 6 days ago
- Bias Distribution
- 100% Right


Mexico Criticizes U.S. Sanctions on Major Banks Linked to Drug Trafficking Allegations
Mexican President Claudia Sheinbaum has strongly criticized the U.S. Treasury Department's sanctions against three Mexican financial institutions—CIBanco, Intercam Banco, and Vector Casa de Bolsa—accused of laundering money related to drug cartels and fentanyl trafficking. Sheinbaum demanded that the U.S. provide concrete evidence for these allegations, asserting that Mexico's own investigations found only minor administrative infractions, not supporting the claims of money laundering. Mexico's banking regulators have temporarily taken control of CIBanco and Intercam to protect creditors and depositors amid the sanctions, which sever the institutions' ties to the U.S. financial system and could potentially destabilize Mexico's banking sector. The sanctioned banks have denied the allegations, with Vector Casa de Bolsa categorically rejecting the charges and pledging cooperation to clarify the situation. Sheinbaum emphasized Mexico's sovereignty and insisted that any actions against the banks should be based on solid proof rather than unsubstantiated assertions. The U.S. Treasury's sanctions are part of new legislation aimed at combating fentanyl-related money laundering, but Mexican officials maintain that the evidence presented so far is insufficient and too general to justify the measures.

- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 6 days ago
- Bias Distribution
- 100% Right
Negative
24Serious
Neutral
Optimistic
Positive
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Gift Subscriptions
The perfect gift for understanding
news from all angles.