Partial translation from article in El CEO, July 1, 2025 referring to CI Banco and Intercam.

"According to U.S. indictments, these institutions facilitated the laundering of approximately $2.1 million for cartels such as the Jalisco Nueva Generación (CJNG), the Gulf Cartel, the Beltrán Leyva Cartel, and the Sinaloa Cartel between 2021 and 2024. The transactions were allegedly carried out on behalf of companies based in Mexico, according to the Treasury report."

In 2023, I started making significant cash withdrawls from my Intercam account to pay for the renovations on our casa--the manager at Intercam questioned me about the purpose of the funds prior to presenting the funds. She confirmed the address, and asked if I minded if someone at the branch confirmed the construction. I was impressed with Intercam's due diligence.

According to the El Ceo article the allegations are for aggregate "money laundering" attributed to CI Banco & Intercam of $2.1M USD over 3 years.

Perhaps the US Treasury Dept motivations are questionable.