Mexico’s president is pushing back against a move by the U.S. Treasury Department to sanction some of her country’s banks.
Mexican President Claudia Sheinbaum said the U.S. government hasn’t shown proof that three financial institutions in her country are laundering money.
“We aren’t anyone’s piñata,” Sheinbaum said of the order that prohibits transfers from two Mexican banks, CIBanco and Intercam, and the brokerage house Vector. She told reporters Thursday it’s up to Mexico to investigate the institutions.
The sanctions are part of a recently passed U.S. law that makes it easier to sanction financial institutions accused of laundering money for fentanyl smuggling operations.
The sanctioned banks have also pushed back on the United States’ claims. In a statement, the brokerage firm Vector said it “categorically denies” the charges.
