Mexico City, (EFE) .- Cibanco reported that it will collaborate “at all times” with the regulatory authorities of both Mexico and the United States, to solve any “possible concern” detected after the accusation of the US Department of the US Treasury for alleged money laundering.
In a brief statement, the financial institution said that it will collaborate “within the legal framework that governs financial institutions, to solve any possible concern detected by the CNBV (National Banking and Securities Commission) and FINCEN (Financial Crime Control Network)”.
He also explained that he will collaborate with the attorney appointed by the authority, so that it is constituted as a precautionary administrator of the institution in terms of the Law of Credit Institutions.
He assured that the resources of his clients are protected according to the Banking Savings Protection Law, “so that constant communication and collaboration with the Mexican and the United States authorities will remain,” he reiterated.
LEE: CNBV intervenes Cibanco and Intercam Management indicated by the EU to launder money from the narco
The reaction of the institution occurs just hours after the National Banking and Securities Commission (CNBV) announced its decision of a temporary intervention of Cibanco and Intercam, for being allegedly involved in money laundering linked to the illicit traffic of opiates, such as fentanyl, according to the accusations of the EU department of Treasury.
Cibanco has 7,000 million dollars in assets while Intercam has 4,000 million pesos.
This morning, during her morning press conference, President Claudia Sheinbaum demanded that US authorities present “evidence” on accusations and argued that they are only “sayings”, although she pointed out that, if the illegal activities were verified, there would be impunity.
On Wednesday, the institutions rejected the accusations, while the Ministry of Finance explained that, although the Treasury notified the Financial Intelligence Unit, it has not delivered evidence that supports the links between financial institutions and crimes.
Read: ‘Mortal blow’ for Cibanco, Interm and Vector: Specialists
Until now, the Mexican government and government have specified that the only verifiable evidence are ordinary transfers between Mexican companies and legally constituted Chinese firms, in the context of a bilateral trade of more than 139,000 MDD per year.
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