Starting today, July 16, 2025, a measure from the United States government comes into effect that limits certain international transfers. This decision affects specific bank accounts linked to financial institutions in Mexico.
Although the order doesn't directly mention Citibank as a restricted entity, many of the bank's users could be affected by these measures indirectly. The reason is that the entity manages international operations for millions of people.
Who is affected by the measure and what is the relationship with Citibank
This measure, announced by the Financial Crimes Enforcement Network (FinCEN), is part of a strategy to curb money laundering and fentanyl trafficking. The Department of the Treasury has been clear: the goal is to protect the United States financial system and cut off illicit capital flows.
The block specifically applies to money transfers to and from accounts at CIBanco, Intercam Banco, and Vector Casa de Bolsa, three Mexican financial institutions. These entities have been identified as of "primary concern" regarding money laundering.
Although Citibank isn't included in this list, it's important to mention that its clients could be implicated if they conduct transactions with accounts at those banks. For example, anyone who uses Citibank to send money to Mexico must verify that the recipient doesn't have accounts at these blocked entities.
The reason for this decision and what Citibank clients should do
The Department of the Treasury made this decision as a direct response to the use of accounts at the mentioned entities to move money from drug trafficking, especially related to fentanyl. The ban aims to curb these illegal financial flows and protect United States citizens.
Citibank clients must act with caution. If you have financial connections with Mexico or regularly make international transfers, it's advisable to check if the recipient uses any of the affected entities. You should also consult your Citibank manager to see if there's any risk of retention or rejection of transactions.
It's also wise to explore safe banking alternatives if you need to send money to Mexico during this period. In addition, Citibank offers specialized customer service to solve questions about international operations, which is useful in such a sensitive context.