US vetoes CIBanco and Intercam operation

Another 150 transactions were detected at CIBanco, totaling $130,000, between chemical precursor intermediaries from Germany and China and a Mexican company. Credit: AFP

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has accused CIBanco and Intercam of protracted facilitation of illicit opioid trafficking and has prohibited any transfer of funds involving them in an effort to protect the U.S. financial system.