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Last updateWed, 31 Dec 2025 7pm

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CIBanco files lawsuit over allegations

Mexico’s CIBanco has filed a lawsuit in the District of Columbia Court against the U.S. Department of the Treasury and its Financial Crimes Enforcement Network (FinCEN) following accusations that it facilitated operations linked to drug trafficking. The lawsuit claims the U.S. government’s decision in June to exclude the Mexican bank from the U.S. financial system amounts to an “institutional death penalty” by preventing the transfer of funds to U.S. financial institutions.