Mexican bank accused of cartel ties has access to Fed payment system
A Mexican bank accused by the U.S. Treasury of laundering cartel funds has a U.S. subsidiary with a Fed master account — granting direct access to America’s payment system.
The account was opened in 2021, around the time crypto firms like Kraken were being denied similar access.
Intercam Banco denies the allegations, citing nearly 30 years of AML and CTF compliance.