💨 Abstract

Mexican President Claudia Sheinbaum rebuked U.S. sanctions on three Mexican financial institutions, accusing the U.S. of lacking evidence for money laundering allegations. CIBanco, Intercam Banco, and Vector Casa de Bolsa deny the accusations and cite lack of evidence. The sanctions imposed by the U.S. Treasury Department aim to block transfers linked to drug cartels. Bank officials demand U.S. authorities investigate formally and present substantial evidence.

Courtesy: WTOP Staff