Overview

• FinCEN granted a second extension, moving the start of U.S. prohibitions on certain transfers involving CIBanco, Intercam and Vector to October 20, citing continued coordination with Mexican authorities.
• Mexico’s Finance Ministry said CIBanco’s fiduciary division will transfer to Grupo Financiero Multiva and that Kapital Bank will acquire significant Intercam operations to ensure service continuity and protect beneficiaries.
• CIBanco filed suit on August 17 in the U.S. District Court for D.C. (case 1:25-cv-02705-TNM) against Treasury and FinCEN, alleging due‑process violations and seeking to block the order it calls a “penalty of death.”
• The designations accuse the three firms of facilitating laundering tied to opioid trafficking, alleging at least $46.6 million in flows, while CIBanco warns more than $40 billion in U.S.-linked fiduciary assets could be stranded.
• Operational strains persist as Visa suspended international card transactions for CIBanco, U.S. correspondent relationships were cut, and Mexican regulators maintain temporary administration while cross‑border reviews continue.