Imposition of Special Measure Prohibiting Certain Transmittals of Funds: CIBanco S.A., Institution de Banca Multiple, Intercam Banco S.A., Institucion de Banca Multiple, and Vector Casa de Bolsa, S.A. de C.V.

Key Points

• 1Three Mexican financial institutions (CIBanco, Intercam Banco, and Vector Casa de Bolsa) are banned from conducting certain wire transfers with U.S. banks
• 2U.S. banks must stop processing most money transfers to and from these Mexican companies to prevent money laundering
• 3The restrictions apply to fund transmittals, meaning companies cannot easily move money between the U.S. and these Mexican institutions
• 4This is a special enforcement action by FinCEN, the federal agency that monitors financial crimes and tracks suspicious money movements
• 5American businesses and individuals who work with these Mexican banks may face delays or inability to transfer funds until the restrictions are lifted

Key Dates