Mexican Banking Commission Fines US-Sanctioned Financial Institutions $9.83 Million

The three institutions were sanctioned by the U.S. government for alleged money laundering for drug trafficking.

An Intercam branch in Mexico City on June 25, 2025. Alfredo Estrella/AFP via Getty Images

Three Mexican financial institutions sanctioned by the United States after operational irregularities were detected have been fined by Mexico’s National Banking and Securities Commission (CNBV), according to the country’s Ministry of Finance and Public Credit (SHCP).

The three Mexican financial institutions fined 185 million pesos (approximately $9.83 million) are Intercam, CIBanco, and Vector Casa de Bolsa, the SHCP reported in a statement published on X on July 15.