FinCEN extends by 45 days its first cross-border orders against 3 Mexican banks tied to fentanyl ML, blocking U.S. transactions and urging swift reforms or face steep penalties

The extension, now pushing the compliance deadline to September 4, 2025, follows progress by Mexican regulators who have temporarily taken control of these banks to strengthen anti–illicit finance measures. While the orders prohibit U.S. institutions from conducting certain transactions with these entities, they stop short of requiring asset freezes or OFAC reporting…