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Economy & Business - July 2025
MEXICO: Backlash from US sanctions puts Mexican banks on edge
Shockwaves rippled through Mexico’s financial system when the US imposed sanctions on three well-established financial institutions on 25 June over their alleged role in laundering money for drug cartels. Not only did this threaten to inflame already tense US-Mexico relations, but the unilateral move sent a powerful message to the Mexican establishment that the administration of US President Donald Trump means business when it comes to cracking down on transnational crime.
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