Investing.com: Mexican Authorities revokes CIBanco’s operating licence and orders its liquidation after the bank was sanctioned by the U.S. for alleged ML linked to fentanyl trafficking

The decision comes after the United States accused the financial institution of potential money laundering practices. The U.S. Treasury took action against CIBanco in late June, prohibiting certain transactions with the bank and two other Mexico-based financial institutions as part of sanctions related to fentanyl…