CNBV intervenes in CIBanco and Intercam, and the ABM issues a statement on the matter.

MEXICO CITY.- This Thursday, the Governing Board of the National Banking and Securities Commission (CNBV) decreed the temporary management intervention of CIBanco and Intercam , following accusations of money laundering by the United States government.

"The intervention aims to replace their administrative bodies and legal representatives in order to safeguard the rights of these institutions' savers and clients, given the implications that the measures announced by the United States Department of the Treasury may have on these banks," the CNBV stated.

The Mexican Banking Association (ABM) reported that the intervention by the National Banking and Securities Commission (CNBV) of Intercam and Cibanco following allegations of money laundering by the United States does not represent a systemic risk nor does it affect the stability of the Mexican financial system, which remains solid and well-capitalized.

"The announced intervention seeks to create an environment of certainty that allows institutions to operate normally for as long as necessary to ensure they comply with regulatory standards. This measure provides clarity and stability without disrupting the regular operations of the banks in question," the agency explained in a statement.

🚨 #BREAKING | The governing board of the National Banking and Securities Commission (CNBV) decrees the temporary management intervention of CI Banco and Intercam, following accusations of money laundering by the US government . pic.twitter.com/DRRNQ4heeV

— El Universal (@El_Universal_Mx) June 26, 2025

The ABM stated that it remains attentive to the decisions made by the competent authorities on the matter and reaffirmed its commitment to complying with current regulations, with the aim of ensuring the stability and strength of the Mexican financial system at all times, in order to continue offering security and confidence to savers in Mexico.

Prevention of illicit activities and protection of legality are a priority for banks. Regarding the U.S. Treasury Department's warning to CIBanco and Intercam, the ABM stated that the prevention of illicit activities and the protection of legality are strategic priorities for banks operating in Mexico.

"We have implemented robust regulatory compliance, auditing, and oversight mechanisms that operate under the highest international quality standards, and the banking sector has always maintained a firm commitment to continuous improvement of these practices," he added.

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The Association emphasized that the US allegations do not pose a risk to the sector. https://t.co/54S2I5dxkx