Mexico Rejects US Sanctions, Demands Evidence | JQJO

Mexico's President Claudia Sheinbaum criticized US sanctions against three Mexican financial institutions – CIBanco, Intercam Banco, and Vector Casa de Bolsa – for allegedly facilitating money laundering for drug cartels. Sheinbaum and the accused banks deny the allegations, claiming a lack of evidence from the US Treasury Department. The sanctions, based on "reasonable grounds," will block transactions with US banks after 21 days. Sheinbaum highlighted Mexico's own investigations, revealing administrative infractions but no evidence of money laundering. She emphasized Mexico's sovereignty and demanded respect from the US.