Trump administration sanctions three Mexican financial firms over alleged cartel ties The Department of the Treasury sanctioned CIBanco, Intercam Banco and Vector Casa de Bolsa for allegedly laundering money for major drug cartels and aiding the global fentanyl trade. The move marks the first enforcement under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act, aiming to cut off cartel-linked entities from the U.S. financial system. Treasury’s financial crimes unit found the firms were “vital cogs” in cartel operations, citing extensive ties to the Jalisco New Generation Cartel (CJNG), Gulf Cartel and Sinaloa Cartel. From 2021 to 2024, CIBanco and Intercam…

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