On June 25, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued orders barring U.S. financial institutions from transacting with CIBanco, Intercam, and Vector, citing their alleged involvement in laundering proceeds from illicit opioid trafficking. Simultaneously, Mexico’s CNBV implemented temporary managerial interventions at these institutions. This Legal Briefing outlines the contractual, operational, and reputational risks arising from these measures, and explores their implications for trusts, U.S. dollar-denominated instruments, and third-party commercial relations.
Consult the full content of the Legal Briefing here.