Claudia Sheinbaum confirms that the US has postponed sanctions against banned banks.

MEXICO CITY.— This Wednesday, during her regular morning press conference, Mexican President Claudia Sheinbaum Pardo confirmed that the United States Treasury Department extended the deadline originally established for the entry into force of blocks against CIBanco, Intercam and Vector Casa de Bolsa , accused of money laundering linked to organized crime .

"The deadline for the sanctions that were going to be imposed on the banks was just a few days away, and it appears that a postponement has been achieved for this intervention being carried out by the Treasury Department," the president said.

The Mexican president's reaction came just minutes after the U.S. Treasury Department granted a 45-day extension , until September 4, to Intercam, ClBanco, and Vector Casa de Bolsa, for the sanctions against those institutions to take effect, after accusing them of money laundering.

The banks have been accused by the U.S. of facilitating drug cartel money laundering operations totaling at least $46.5 million.

🔴 "There is no risk," President Claudia Sheinbaum confirmed the extension granted by the Treasury Department to CIBanco, Intercam, and Vector, after accusing them of money laundering. pic.twitter.com/QQsfKz7EHG

— El Universal (@El_Universal_Mx) July 9, 2025

Claudia Sheinbaum also reiterated that Mexico's Treasury Department has acted "very responsibly" in intervening in banks to prevent risks to the Mexican financial system, as reported by Fitch Ratings .

"There's no risk. And this is not only the president's statement, but also that of the banks in Mexico and the entire financial system," he emphasized.

He also highlighted the work of the Bank of Mexico in the banking intervention, as it is "a very long, laborious process, but one they are working very well and with great coordination."

In June, the U.S. Treasury Department placed CIBanco, Intercam, and Vector Casa de Bolsa on a watch list for alleged money laundering and ties to organized crime and prohibited the transfer of funds from these three institutions to the U.S.

Regarding the decline in formal employment, he explained that "there are several issues at play, and employment will recover, I'm certain. We're working on it, and we're also developing a plan and talking with companies to prevent it from increasing."

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