Sheinbaum Disputes Money Laundering Claims Against Mexican Banks

Mexico’s president responded defiantly to US measures that could cripple three prominent local banks on accusations of potential money laundering tied to drug trafficking, arguing she’s seen no evidence to support the crackdown.

President Claudia Sheinbaum told reporters that Mexican finance officials have found no proof of wrongdoing in their own investigations of the financial firms the US Department of Treasury accused of illicit activity.

“In yesterday’s information there is no evidence, there are comments, but there is no evidence of money laundering,” Sheinbaum said on Thursday about the Treasury’s accusation.

In a statement published on Wednesday, the US Treasury’s ...