Money Laundering Claims against Intercam: Crucial Information for Expatriates
Intercam Grupo Financiero Under Investigation for Money Laundering Allegations
Intercam Grupo Financiero, a well-established Mexican bank that has been in operation for over 25 years, is currently under investigation for money laundering allegations initiated by the US government in June 2025. The bank, which markets itself as "the bank for foreigners" in Mexico, operates across 69 branches in 28 states and has regional offices in Miami and Puerto Rico.
As of August 2025, the case has attracted significant attention, but no final legal resolution or public statement about convictions or dismissals has been reported yet. There are no updated details indicating arrests or outcomes linked specifically to Intercam beyond the initial allegations.
The US government's allegations against Intercam include processing multiple transactions between Mexican companies and companies in China that sell chemicals used for opioid production. The money laundering allegations amount to an estimate of over $1.9m being moved from shell companies and cash mules to launder money through Intercam.
Intercam Grupo Financiero has vehemently denied the money laundering allegations. In a statement, the bank said, "We categorically deny any involvement in money laundering activities. We are fully cooperating with the authorities in this matter and are committed to maintaining the highest standards of integrity and compliance."
The designation of Intercam Grupo Financiero as a "significant concern" by the U.S. Treasury (FinCEN) on June 25, 2025, was part of an effort to disrupt financing used by Mexican drug cartels involved in opioid trafficking. Intercam was designated alongside two other banks, CIBanco and Vector Casa de Bolsa.
It is important to note that another search result relates to a separate case of bank-related fraud in Spain and is not connected to Intercam. The focus of this article is on the money laundering allegations against Intercam Grupo Financiero.
In a related development, it has been reported that Intercam executives met with members of the Jalisco New Generation Cartel (CJNG) in 2022. However, it is not clear whether this meeting is related to the money laundering allegations under investigation.
The investigation into Intercam Grupo Financiero is ongoing, and updates will be provided as more information becomes available. In the meantime, the bank continues to operate and serves its customers across Mexico and beyond.
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