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3w ago

Mexico’s UIF Withholds Egmont AML Exchange Data for First Time Since 2013

U.S. Treasury’s FinCEN sanctions on three Mexican banks under the fentanyl law highlight rising tensions over financial intelligence sharing.

México restringe datos sobre intercambio de información financiera en materia de lavado de dinero y terrorismo.
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Overview

  • On July 13, 2025, Mexico’s UIF announced it would reserve detailed data on financial intelligence exchanges via the Egmont network and omitted those figures from its 2025 monthly reports.
  • The United States increased its anti‐money laundering requests to Mexico from 45 in 2020 to 110 in 2022 and maintained over 90 inquiries annually in 2023 and 2024 while Mexico’s responses through Egmont declined from 308 in 2022 to 216 in 2024.
  • On June 25, FinCEN sanctioned Intercam, CIBanco and Vector under the U.S. fentanyl law after designating Mexican cartels as terrorist organizations.
  • The UIF continued processing high domestic volumes, receiving 13.6 million AML reports in the first half of 2025, including 4.8 million international fund transfers and 8.4 million notices of vulnerable activities.
  • Both the UIF and Grupo Egmont emphasize that sharing financial intelligence is essential to combating cross‐border money laundering, terrorism financing and related crimes.