Mexico Fined Financial Firms Targeted by US Over Drug Claims

Mexican regulators, according to government data, the US Treasury applied 185 million PESO to three companies targeted to potentially help drug smugglers.

According to the newly published data in the Organizer CNBV’s Fines Database, Intercam Banco SA and the intermediary were fined 92 million Mexican Peso due to violating the rules of money laundering, such as the fact that unusual activities do not have an automatic registry or to follow their own directives related to high -risk customers. Cibanco SA and its intermediary were fined approximately 67 million peso under the anti -money laundering rules because it could not keep registration and the US dollar in cash in cash.

Aractivity Vecor Casa de Bolsa sa, was not called to violate anti -money laundering rules, but it was fined approximately 27 million peso for errors, including the changes in the fund information.

Last month, the US Treasury Department’s Financial Crimes Conservation Network ordered the same companies that would prohibit transfers with them using new forces for the first time from the Fend Off Fentanyl Law. Most of Intercam’s fines were applied on the same day as the US action, while most of the Cibanco and Vector convened on June 26 the day later, and shows that there was a coordination between the officials of the countries.

After the US orders were published, President Claudia Sheinbaum said the US did not provide evidence of money laundering to justify such a harsh movement.

Last week, the United States rapidly moved the cooperation of Mexico and the management of banks and extended the deadline to cut off the companies until 4 September.

With the help of Jose Orozco.

This article was created from an automatic news agency feeding without changing the text.