Mexico City, Mexico — The effective dates of orders issued under new authority to counter fentanyl have been extended. According to FinCEN, the three Mexican banks involved, CIBanco, Intercam and Vector, now have until September 24, 2025.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) extended the effective dates for orders issued on June 25, 2025, prohibiting certain transmittal of funds involving three Mexico-based financial institutions, the Treasury reported in an official statement Wednesday.
Covered financial institutions will now have an additional 45 days, until September 4, 2025, to implement the orders prohibiting certain transmittal of funds involving CIBanco S.A., Institution de Banca Multiple (CIBanco), Intercam Banco S.A., Institución de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector), each of which FinCEN found to be of primary money laundering concern in connection with illicit opioid trafficking pursuant to the Fentanyl Sanctions Act and the FEND Off Fentanyl Act.
“For months, Treasury and the Government of Mexico have been jointly coordinating to safeguard our financial institutions from terrorist cartels and their money laundering operations, which culminated in the historic orders issued against these institutions,” said FinCEN Director Andrea Gacki.
“Treasury will continue to take every action necessary to protect the U.S. financial system from abuse by illicit actors and target the financing of transnational criminal organizations and narcotics traffickers.”
This extension reflects that the Government of Mexico has taken further steps to address the concerns raised in FinCEN’s orders, including by assuming temporary management of the affected institutions to promote regulatory compliance and the prevention of illicit finance.
Treasury will continue to coordinate closely with the Government of Mexico on these matters and will carefully consider all facts and circumstances in considering any further extensions to the implementation date of the orders.
In June, the U.S. Treasury Department, headed by Scott Bessent, says these three financial instructions collaborated with drug cartels in Mexico and have been identified as “of primary concern for money laundering related to illicit opioid trafficking”
