Remitly Global Inc. Complies with FinCEN Orders Targeting Mexican Financial Institutions Over Money Laundering Concerns

Reuters

Jun 28, 2025

Remitly Global Inc. Complies with FinCEN Orders Targeting Mexican Financial Institutions Over Money Laundering Concerns

Remitly Global Inc. has addressed recent regulatory actions by the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). On June 25, FinCEN identified three Mexico-based financial institutions-CiBanco, Intercam, and Vector Casa de Bolsa-as being of primary money laundering concern due to their connections with illicit opioid trafficking. Consequently, the orders prohibit certain fund transfers involving these entities. Remitly stated that while CiBanco and Intercam were indirect partners for their Mexican operations, they processed only a minimal volume of transactions. The company confirmed its compliance with the FinCEN orders concerning these institutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Remitly Global Inc. published the original content used to generate this news brief on June 27, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Complies with FinCEN Orders Targeting Mexican Financial Institutions Over Money Laundering Concerns","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Remitly Global Inc. Complies with FinCEN Orders Targeting Mexican Financial Institutions Over Money Laundering Concerns\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Remitly Global Inc. has addressed recent regulatory actions by the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). On June 25, FinCEN identified three Mexico-based financial institutions-CiBanco, Intercam, and Vector Casa de Bolsa-as being of primary money laundering concern due to their connections with illicit opioid trafficking. 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Complies with FinCEN Orders Targeting Mexican Financial Institutions Over Money Laundering Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-28 06:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Remitly Global Inc. Complies with FinCEN Orders Targeting Mexican Financial Institutions Over Money Laundering Concerns\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Remitly Global Inc. has addressed recent regulatory actions by the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). On June 25, FinCEN identified three Mexico-based financial institutions-CiBanco, Intercam, and Vector Casa de Bolsa-as being of primary money laundering concern due to their connections with illicit opioid trafficking. Consequently, the orders prohibit certain fund transfers involving these entities. Remitly stated that while CiBanco and Intercam were indirect partners for their Mexican operations, they processed only a minimal volume of transactions. 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On June 25, FinCEN identified three Mexico-based financial institutions-CiBanco, Intercam, and Vector Casa de Bolsa-as being of primary money laundering concern due to their connections with illicit opioid trafficking. Consequently, the orders prohibit certain fund transfers involving these entities. Remitly stated that while CiBanco and Intercam were indirect partners for their Mexican operations, they processed only a minimal volume of transactions. The company confirmed its compliance with the FinCEN orders concerning these institutions.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Remitly Globa","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4227":"交易和支付处理服务","BK4106":"数据处理与外包服务","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","RELY":"Remitly Global, Inc."},"translate_title":"Remitly Global Inc.遵守FinCEN针对墨西哥金融机构洗钱问题的命令","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RELY":0.9},"content_text":"Remitly Global Inc. Complies with FinCEN Orders Targeting Mexican Financial Institutions Over Money Laundering Concerns\n    \n\n        Remitly Global Inc. has addressed recent regulatory actions by the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). On June 25, FinCEN identified three Mexico-based financial institutions-CiBanco, Intercam, and Vector Casa de Bolsa-as being of primary money laundering concern due to their connections with illicit opioid trafficking. Consequently, the orders prohibit certain fund transfers involving these entities. Remitly stated that while CiBanco and Intercam were indirect partners for their Mexican operations, they processed only a minimal volume of transactions. The company confirmed its compliance with the FinCEN orders concerning these institutions.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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