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Visa Suspends International Transactions With Mexico's CI Banco After US Treasury Money Laundering Allegations, Impacting Students

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Updated Jul 3, 2025, 03:14 AM

CI Banco, a Mexican financial institution, announced the suspension of its international operations with Visa following a unilateral decision by the payment company to disconnect its platform for international transactions involving cards issued by CI Banco. This move comes after the U.S. Department of the Treasury accused CI Banco of alleged money laundering activities. The suspension has impacted various clients, including international students who rely on the bank to receive scholarships abroad. CI Banco has assured customers that their funds are securely safeguarded and will be reimbursed promptly. The situation highlights the broader consequences of regulatory actions on financial services and cross-border transactions.

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Sources

cronista.com(5)animalpolitico.com(2)eleconomista.com.mx nacion321.com

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💳 Postgraduate students abroad face problems receiving their scholarships, as Visa canceled all CI Banco's international transactions after the US singled out the money laundering institution.