Mexico, U.S., Banking Interconnection, and Money Laundering: A Long History of Disagreements

A New Chapter With CI Banco, Intercam, and Vector

Date:

Author: Antonio Sandoval

The U.S. Treasury and FinCEN flagged CI Banco, Intercam, and Vector Casa de Bolsa for alleged money laundering operations, in a context of strong financial interconnection between Mexico and the U.S

Cases such as Operation Casablanca (1998), the HSBC scandal, and previous OFAC sanctions reveal a pattern of vulnerability in the Mexican financial system

Experts warn that overly bureaucratic compliance limits the detection of illicit operations and exposes any bank to sanctions that could lead to its collapse

Although Mexico has made progress in regulation and applies international standards, specialists agree that money laundering remains feasible and requires constant vigilance