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Sheinbaum Advances Extortion Law as US Extends Bank Sanction Reprieve and Security Operations Ramp Up

Aiming to make the state the main prosecutor of extortion, the measure heads to Congress with a fresh US reprieve for bank sanctions alongside a boost in joint security operations.

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U.S. President Donald Trump speaks during a cabinet meeting at the White House in Washington, D.C., U.S., July 8, 2025.   REUTERS/Kevin Lamarque
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Overview

  • Sheinbaum signed a constitutional reform empowering Congress to enact nationwide extortion penalties, making the state the principal prosecutor and enabling anonymous reports via a dedicated hotline.
  • The US Treasury granted CIBanco, Intercam and Vector Casa de Bolsa a 45-day extension before enforcing sanctions over alleged cartel money-laundering while Mexico’s finance ministry moved their trust assets to Nafin to protect the financial system.
  • Federal and state forces in Nuevo León detained nine suspected Cártel del Noreste members in coordinated operations that confiscated weapons, cash and narcotics under an intensified security campaign.
  • The administration guaranteed protection for mothers and relatives of the disappeared and launched ‘Sí al desarme, sí a la paz’ community jornadas in Texcoco to facilitate voluntary weapons exchanges and peacebuilding.
  • Nuevo León governor Samuel García Sepúlveda’s appeal for 90 billion pesos in federal funding—including 87 billion for the Tren del Norte corridor—is under federal review as officials negotiate broader infrastructure priorities.