Banorte controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1998
Operation Casablanca money-laundering investigation
Banorte was among the Mexican banks implicated in Operation Casablanca, a U.S. investigation into the alleged laundering of illicit drug proceeds through Mexican financial institutions. The investigation produced civil forfeiture proceedings involving Banorte. The case was dismissed with prejudice in 1999, no criminal charges were filed against the bank, and seized funds were returned. The episode remains a significant compliance and reputational event in Banorte’s history.