Mexico's Comisión Nacional Bancaria y de Valores published on 15 July 2025 combined fines totalling MXN 185.2 million, imposed in June, on three financial institutions — Intercam, CIBanco and Vector Casa de Bolsa. Intercam and CIBanco were fined over anti-money laundering compliance and administrative processes, while Vector was fined mainly for failing to publish mandatory information. The fines were published three weeks after US Treasury's FinCEN named the same institutions under the FEND Off Fentanyl Act in June 2025, alleging links to money laundering for cartels involved in fentanyl trafficking; the fines were issued separately from the US action.
Intercam received the largest individual penalty, fined MXN 92.15 million, equivalent to approximately $4.9 million. CIBanco was fined MXN 66.61 million, approximately $3.55 million, while Vector Casa de Bolsa received a MXN 26.46 million penalty, or roughly $1.4 million. Mexico's Finance Ministry said the fines reflected non-compliance in administrative processes, with the grounds differing across the three cases.
GROUNDS FOR EACH INSTITUTION'S FINE
Intercam and CIBanco were penalised primarily for failures in their anti-money laundering prevention systems.
On 9 July 2025, FinCEN extended by 45 days, to 4 September, the date on which its orders restricting transfers with the three institutions would take effect. The CNBV fines were announced six days after that reprieve was granted.
The FEND Off Fentanyl Act provides a specific US legislative basis for targeting financial institutions assessed to have facilitated opioid-related financial flows.