The recent sanctions imposed by the Trump administration on two banks in Mexico and a brokerage firm sparked widespread controversy and speculations about the future of financial institutions in a country where even the White House has previously accused top Mexican government officials of having an intolerable relationship with drug cartels.
The issue began last week when, as Breitbart Texas reported, the U.S. Department of the Treasury announced that two banks and a brokerage firm had helped drug cartels to launder money and had also helped them wire funds to China to pay for fentanyl precursors. The singled-out banks included CIBanco SA…
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