FINCENFinal RuleJune 30, 2025

Imposition of Special Measure Prohibiting Certain Transmittals of Funds: Intercam Banco S.A., Institucion de Banca Multiple

Finance & Banking

Summary

The U.S. government has imposed strict restrictions on money transfers through Intercam Banco, a Mexican bank, due to concerns about illegal financial activities. These restrictions are meant to prevent criminals from using the bank to move money across borders and to protect the U.S. financial system from being misused.

Key Points

1Intercam Banco S.A. is banned from sending certain types of money transfers into the United States without special approval
2The restriction targets the bank's role in international money movements that may be connected to illegal activities like drug trafficking or money laundering
3U.S. banks must stop processing most wire transfers from Intercam Banco unless they get permission from FinCEN (the Financial Crimes Enforcement Network)
4The bank can request to have these restrictions lifted by proving it has better controls to prevent illegal money transfers
5Businesses and individuals using Intercam Banco for legitimate international payments may face delays or need to find alternative banking routes

Key Dates

Published

June 30, 2025

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This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.