Mexican President Sheinbaum Apoplectic at U.S. Sanctions Against Mexican Money Launderers 1/2
June 27, 2025 | Sundance |
Things are getting very interesting as the clock ticks toward the end of the USMCA trade agreement.
Almost no one is watching the USMCA element because it quietly exists only in the background of events. However, pay close attention to theancillary stories because they will eventually merge with the end of the USMCA and two bilateral trade agreementsbetween the U.S-Canada and the U.S. and Mexico later this year.
NATO funding and Canadian economic independence, and by extension the EU and China, comes into the northern agreement.Border security and Mexican economic independence, and by extension immigration and China, comes into the southern agreement. The strength of MAGAnomic policy flows directly through both.
In the quiet sphere, a few days ago Treasury SecretaryScott Bessent, a key player in the trade program, announced sanctions against three Mexican financial organizationsthat underline the influence of the Mexican cartels and the Mexican government. [Treasury Announcement Here]
“The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued orders identifying three Mexico-based financial institutions—CIBanco S.A., Institution de Banca Multiple (CIBanco) [ORDER HERE], Intercam Banco S.A., Institución de Banca Multiple (Intercam) [ORDER HERE], and Vector Casa de Bolsa, S.A. de C.V. (Vector) [ORDER HERE]—as being of primary money laundering concern in connectionwith illicit opioid trafficking, and prohibit, respectively, certain transmittals of funds involving CIBanco, Intercam, and Vecto.
These orders are the first actions by FinCEN pursuant to the Fentanyl Sanctions Act and the FEND Off Fentanyl Act, which provide Treasury with additional authorities to target money laundering associated with the trafficking of fentanyl and other synthetic opioids, including by cartels”. (more)
Mexican PresidentClaudia Sheinbaum is furious. “The Treasury Department hasn’t provided a single piece of evidence to show that any money launderingwas taking place,” she said. “We aren’t going to cover for anyone, there isn’t impunity here. They have to be able to demonstrate that there was actually money laundering, not with words, but with strong evidence.”
Secretary Scott Bessent has provided all of the evidence above in the three orders. However, this U.S. Treasuryaction is going to cause a massive disruption to the financial system used by Mexican officials to remain in power. This is the key point.
Remember, the Customs and Border Patrol enforcement action in Los Angeles was not about deporting illegal aliens. The origination of the chaos in Los Angeles centered around the ‘customs” aspect of the CBPas they targeted local businesses that were operating as money laundering outfits for drug and human trafficking into the USA.
Again, for emphasis, the subsequent riots that took place in Los Angeles were NOT originated by deportation operations involving ICE; they originated from CBP and FBI operations involving Mexican money laundering. The ICE operations came as an outcome of encounters withillegal aliens who were working inside the Los Angeles businesses that were under investigation.
[…] Sheinbaum said they were notified by American officials of the accusations ahead of the Wednesday announcement, and that Mexican financial regulators carried out their own investigations into the institutions.
They found “administrative infractions,” she said, but nothing close to the accusations being levied by Treasury officials.
In the orders blocking transactions between the three institutions and American banks, theTrump administration alleged that the three companies facilitated millions of dollars in transfers with Chinese companies, which it said were used to buy chemicals to produce fentanyl. The Treasury Department said the institutions had facilitated transfers to U.S. banks, but officials would not name which U.S. institutions were implicated nor provide more details.
https://theconservativetreehouse.com/blog/2025/06/27/mexican-president-sheinbaum-apoplectic-at-u-s-sanctions-against-mexican-money-launderers/