Uncle Sam Slaps Mexican Banks Over Narco Cash
But money laundering is on both sides of the border. How far will FinCEN push?
Para leer el reportaje en Español click aqui.
From 2020 to 2024, various clients of Mexico’s CIBanco, a financial institution with over $7 billion in assets, zapped $2,135,000 to three Chinese chemical companies in a series of 31 transfers, the order says. The money, according to the Financial Crimes Enforcement Network, or FinCEN, of the U.S. Treasury, was sent by affiliates of the Jalisco New Generation Cartel to buy precursors for the venomous drug fentanyl.
The Chinese companies…
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