Mexico President Claudia Sheinbaum Tells Trump Admin, 'We're No One's Piñata':
The Treasury Department accused three Mexican financial institutions of ...
newsweek.com/mexico-claudia-sheinbaum-trump-banks-sanctions-update-2091276
Photo: newsweek.com · view article
Sheinbaum Rejects U.S. Allegations Against Three Mexican FirmsFollowing U.S. sanctions, Mexico’s banking regulator began temporarily taking over CIBanco and Intercam to protect depositors.
Key FactsJun 26, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
- The U.S. Treasury sanctioned CIBanco, Intercam Banco and Vector Casa de Bolsa over allegations that their networks moved millions of dollars for cartels.
- The following day, Mexico’s banking regulator moved to temporarily take over administration of CIBanco and Intercam to protect depositors and preserve stability.
- On Thursday, President Claudia Sheinbaum said Mexico would not shield anyone but demanded strong evidence that money laundering had actually occurred and called the accusations politically motivated.
- The measures bar U.S. institutions from transactions involving the three firms and affiliated accounts, are set to take effect 21 days after publication in the Federal Register, and all three institutions deny wrongdoing.
We're no one's piñata. Mexico must be respected.— Claudia Sheinbaum, the President of Mexico, during a morning briefing.
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Mexican president demands proof after US accuses banks of laundering drug money: Claudia Sheinbaum frustrated as US says trio – placed under sanctions – are ...
theguardian.com/world/2025/jun/26/mexican-president-sheinbaum-banks-sanctions
Mexico disputes U.S. money-laundering charges against three Mexican financial institutions
latimes.com/world-nation/story/2025-06-26/mexico-disputes-u-s-money-laundering-charges-against-mexican-banks-allegedly-linked-to-fentanyl-trafficking
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Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
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Feb 19, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
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