The Prosecutor’s Office opens an investigation into the payment of 100 million pesos from a Sinaloa Cartel front company to Vector.

Mexico has begun to scrutinize financial institutions sanctioned by the United States government for allegedly laundering drug trafficking proceeds. The Mexican Attorney General’s Office (FGR) has launched an investigation into multimillion-dollar transfers paid to Vector by Prestadora de Servicios Murata, S.A. de C.V., a front company that heads a money laundering network serving the Sinaloa […]

CIBanco leaves Mexicans abroad without scholarships

After being disconnected by the global payment processor VISA, CIBanco is facing problems with its cards, a situation that has severely affected postgraduate scholarship recipients abroad from the Ministry of Science, Humanities, Technology, and Innovation (Secihti). This follows the U.S. Treasury Department’s allegation that CIBanco engaged in money laundering-related transactions. Since Sunday night, postgraduate scholarship […]

Mexican authorities found 20 bodies, several of them decapitated, in the western state of Sinaloa on Monday, amid rising violence linked to organized crime in the area.

Four decapitated bodies were found hanging from a bridge in the capital of the western Mexican state of Sinaloa on Monday, June 30. The discovery comes amid a wave of cartel violence in which nearly 20 people were killed in a single day, authorities reported. A bloody war for control between two factions of the […]

The United States crossed another red line with Mexico

US sanctions are typically political acts of the most hostile kind. Countries like Iran and Russia top the blacklists. And now, private Mexican companies are on them. By pointing the finger at CIBanco, Vector, and Intercam, the White House took a measure that affects the entire financial system of an entire country. Based on recently […]