Cibanco, financial institution led by Jorge Rodrigo Mario Rangel of Alba Brunel, said he will solve and collaborate with the National Banking and Securities Commission (CNBV) and Financial Crime Control Network (FINCEN) to solve all doubts related to the accusations of an alleged money laundering to organized crime.
“It will collaborate at all times with the regulatory authorities both in Mexico and in the United States, within the legal framework that governs financial institutions, to solve any possible concern detected by the CNBV and FINCEN,” said the financial institution.
“Cibanco executives 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 added.
Cibanco said that the resources of its customers are protected according to the Banking Savings Protection Law, so, he said, a constant communication and collaboration with the Mexican and the United States authorities will be maintained.
The banking institution mentioned that there was a temporary management intervention agreed by the Extraordinary Government Board of the National Banking and Securities Commission, as well as the provisional designation of Álvarez & Marsal Mexico, SC as a precautionary administrator.
Yesterday, the Financial Crime Control Network (FINCEN) of the United States Department of the Treasury issued orders that identify three financial institutions based in Mexico, Cibanco, Multiple Banking Institution (CIBANCO), INTERM BANCO, Multiple Banking Institution (Inter -Cam) and Vector Casa de Bolsa, as main sources of concern in matters of money laundering in relation to illicit traffic of opioids.
EU Treasury also prohibited certain transfers of funds that involve these financial institutions.
“These orders are the first actions of the FINCEN by virtue of the law of sanctions against fentanil and the FEND OFF Fentanyl Law, which grant the Treasury additional powers to combat the money laundering associated with the traffic of fentanil and other synthetic opioids, including by cartels,” the US dependence reported yesterday in a statement.
The US Treasury said that Cibanco and Intercam, commercial banks with more than 7 billion dollars and 4 billion dollars in total assets, respectively, and vector, a brokerage firm that manages almost 11 billion dollars in assets, “they have jointly played a key and prolonged role in the washing of millions of dollars in the name of the cartels based in Mexico and in the facilitation of payments for the acquisition of chemical necessary for fentanyl production. ”
President Claudia Sheinbaum asked the United States government on Thursday to present “evidence” about accusations against financial entities CI BANCO, INTERM and VECTOR Casa de Bolsa for their alleged links with illicit operations such as money laundering linked to drug trafficking.
“There is no evidence, they are sayings. But there is no evidence where the money laundering is. So what is our position? If there is evidence, it acts. There is no impunity. No matter who it is. But there is no evidence, because you cannot act, as in any crime,” said the president during her morning press conference.
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