US EditionAuthorizes Fincen Transfers to Liquidate Cibanco
16 Articles
16 Articles
After all the controversy surrounding CIBanco, Carlos Marmolejo, CEO of Mexican Sustainable Finance (Finsus), went out to talk about his supposed relationship with the extinct entity.Carlos Marmolejo de Finsus categorically denied that his person, or the institution he represents, had any relationship with CIBanco.There is nothing to relate to Finsus and CIBanco according to Carlos MarmolejoIn an interview with La Silla Rota, Carlos Marmolejo de…
The Financial Crimes Control Network (FinCEN) modified the original order by which it prohibited all financial institutions to make transfers of funds with CIBanco, to authorize only those that are "inherent and necessary" for the Government of Mexico to liquidate this bank. "To facilitate the efforts of the Government of Mexico to liquidate and dissolve CIBanco, FinCEN considers it appropriate to modify the order to allow certain transfers of f…
The Financial Crimes Control Network (FinCEN) issued an amendment that allows certain transfers of funds to facilitate the payments necessary for the Government of Mexico to liquidate and dissolve CIBanco, an institution accused of money laundering. “From the date of publication of this document in the Federal Registry, all transfers of funds that were prohibited by the previous order, but which are incidental and necessary for the Government of…
The U.S. Treasury Department has decided to reduce restrictions on movement to CIBanco so that the Mexican government will finish liquidating it after being punished for money laundering.The Financial Crimes Control Network (FinCEN) has modified last June’s order prohibiting bank transfers for money laundering in organizations dealing with opiates. This measure is necessary to solve the problem of the savings accounts of customers who were still…
Mexico City, Mexico.- The Government of the United States partially relaxed the financial restrictions imposed on CIBanco by authorizing certain transfers of resources necessary for its liquidation process, after the institution was designated for alleged money laundering related to drug trafficking. The measure was announced by the Financial Crimes Control Network, an agency under the Treasury Department, which issued an amendment to allow move…
FinCEN modified its transfer ban order with CIBANCO and authorized only those necessary for the government to liquidate the bank. The US Treasury entry easing blockades CIBanco to conclude its liquidation in Mexico was first published in La Voz de Michoacán.
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