U.S. Treasury FinCEN Sanctions Two Mexican Banks for Fentanyl Money Laundering

The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) identified two mid-sized Mexican banks and a brokerage as money laundering concerns with links to fentanyl trafficking networks. Prohibitions on U.S. fund transfers to these institutions took effect October 20, 2025, marking the first direct U.S. financial sanctions against Mexican banking entities in the Sheinbaum era.