The U.S. Department of the Treasury, through its Financial Crimes Enforcement Network (FinCEN), announced on Wednesday a 45-day extension—until September 4, 2025—for the implementation of measures that would restrict certain fund transfers related to three Mexican financial institutions: CIBanco, Intercam Banco, and Vector Casa de Bolsa.
Mexico’s Ministry of Finance and Public Credit (SHCP) emphasized that this decision is the result of ongoing dialogue and technical cooperation between the financial authorities of both countries.
According to the announcement, the goal of this extension is to allow more time to strengthen compliance and oversight measures that ensure the integrity of the international financial system.
“The Government of Mexico has assumed temporary management of the previously mentioned institutions, with the aim of enhancing supervision, ensuring regulatory compliance, and protecting users of the financial system,” the SHCP stated.
The Ministry also clarified that since the beginning of the process, both the Mexican and U.S. governments have maintained active communication within a framework of respect for national sovereignty, in order to address regulatory concerns and prevent major market disruptions.
The measures originally proposed by FinCEN restrict certain types of transfers due to alleged irregularities that are still under review. However, following the direct intervention of the Mexican government, U.S. authorities decided to delay implementation.
The Ministry of Finance reiterated its commitment to financial stability, international cooperation, and transparency in managing key institutions within the country’s banking and securities system.
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