US EditionCIBanco, Intercam and Vector Win Temporary Reprieve From US Money Laundering Sanctions
27 Articles
27 Articles
Mexico City, 9 Jul (EFE). – The Association of Banks of Mexico (ABM) asked on Wednesday not to generalize the investigations of the U.S. Treasury Department against two banks and a Mexican stock exchange house, in ensuring that this is a limited case that does not compromise the stability of the Mexican financial system. “The American and Mexican authorities in meetings we have had with them mentioned that derived from this particular investigat…
Mexico City.- The accusation against CI Banco e Intercam of laundering money from drug cartels is not "effectively proven," it is a "small" situation and will not trigger a bank run in the country, said the Association of Banks of Mexico (ABM). "The banking system is armored, it is operating well, it is not a fortunate situation, but a very contained one. It is a small situation of two intermediaries that were observed by the American authority.
The three Mexican financial companies Vector, Intercam and CIBanco were pardoned Wednesday by the U.S. Treasury Department, which had previously isolated the firms of the U.S. financial system after accusing them of alleged money laundering in favor of drug cartels.Just last June 25, the U.S. Treasury Department accused that three financial institutions were allegedly involved in money laundering in favor of Mexican cartels involved in the traff…
President Claudia Sheinbaum said the 45-day extension granted by the U.S. Treasury Department to financial institutions CIBanko, Intercam and Vector Casa de...
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
To view factuality data please Upgrade to Premium
