US EditionCnbv: Intervention by Withdrawal of Funds and Cancellation of Investments
18 Articles
18 Articles
The National Banking and Securities Commission (CNBV) decided to intervene in a managerial and temporary manner with CIBanco, Vector and Intercam last week after the impact those institutions faced in their operation following accusations by the U.S. Treasury Department.
Intercam heads the list of Mexican institutions sanctioned by the CNBV for deficiencies in the prevention of money laundering . Between its bank and its stock exchange house accumulates fines for 7.4 million pesos derived from serious failures in its control systems, mainly for not analyzing or documenting internal alerts about possible unusual operations. These records become relevant after accusations by the U.S. Treasury Department, which pla…
The president of the Republic, Claudia Sheinbaum Pardo, said that the exchange rate of the Mexican currency is presented solidly before the interventions of the National Banking and Securities Commission (CNBV) in the banks CIBanco and Intercam and Vector Bolsa de Cambio. This was explained in the morning conference of the head of the executive, where she indicated that the banks intervened are a very small sector of the financial system. She al…
With the aim of reassuring the country's financial sector, the Association of Banks noted that Ci Banco e Intercam, financial institutions sanctioned by the U.S. Treasury Department, will be able to conduct transactions with national intermediaries. This after a meeting with regulatory authorities of the Mexican financial system such as the Ministry of Finance and Public Credit (SHCP) and the Banking and Securities Commission (CNBV). By a statem…
MADRID, 2 (EUROPA PRESS) The Association of Banks of Mexico (ABM) has reiterated that the Mexican banking system "stays solid and stable" a week after the country's government's intervention in CIBanco and Intercam for the accusations of money laundering by the United States. "Mexican banking operates [...] La entrada The Mexican banking employer insists that the Mexican banking system remains "solid and stable" appears first in Forbes España.
The Committee of Associates of the Association of Banks of Mexico determined that there is no restriction for any bank, intermediary, natural or moral person and/or trusts to be able to carry out operations with CIBanco and Intercam, even after July 21, so that they can continue to operate with entities other than those of the United States. It was specified that this includes operations in which CIBanco and Intercam Banco act as trustees.
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