By Kylie Madry
MEXICO CITY (Reuters) -Mexico’s banking regulator hit three financial institutions, which had been sanctioned by the U.S. for alleged money laundering, with more than 185 million pesos ($9.81 million) in fines in June, according to data released on Tuesday.
The U.S. Treasury last month prohibited certain transactions with Mexico’s CIBanco, Intercam Banco and Vector Casa de Bolsa, as part of fentanyl sanctions.
The fines on Intercam and CIBanco were largely related to money-laundering prevention, while Vector mostly faced fines for failing to comply with obligations in publishing information.
Intercam faces the largest amount in fines of 92.15 million pesos, while CIBanco was fined 66.61 million pesos and Vector will need to pay 26.46 million pesos, the data showed.
All three have previously denied the U.S. allegations. In late June, the banking regulator stepped in to manage the three firms.
Mexico’s government has also rebuffed the allegations, saying the Treasury had not provided Mexico with proof to back up its claims.
($1 = 18.8499 Mexican pesos)
(Reporting by Kylie Madry; Editing by Brendan O’Boyle and Chris Reese)
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