Regulatory Alerts2025-06-25
Imposition of Special Measure Prohibiting Certain Transmittals of Funds Involving Vector Casa de Bolsa, S.A. de C.V.
The Financial Crimes Enforcement Network issued a rule prohibiting covered U.S. financial institutions from processing certain fund transmittals involving Vector Casa de Bolsa, S.A. de C.V. This action targets the Mexico-based brokerage firm, which FinCEN determined is of primary money laundering concern for facilitating illicit opioid trafficking by the Sinaloa and Gulf Cartels. The measure was authorized under the FEND Off Fentanyl Act to disrupt the financial networks used by these drug trafficking organizations to launder proceeds and import precursor chemicals.
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