CIBanco, Intercam, and Vector receive temporary relief from US money laundering penalties
US Treasury Delays Sanctions on Mexican Banks Financial institutions in Mexico—Cibanco, Intercam, and Vector—will have an additional 45 days to meet specific standards before facing sanctions, as announced by the US Treasury Department’s Financial Crime Enforcement Network (FINCEN) on Wednesday. An order from FINCEN issued on June 25 prohibited fund transfers among the three banks, […]