Overview

• FinCEN’s late-June designation of CIBanco, Intercam and Vector as major money-laundering concerns prompted SHCP on July 4 to transfer their fiduciary contracts to Nacional Financiera and Banobras.
• Actinver has received inquiries from 50 to 60 large fiduciary clients seeking to move their trusts from CIBanco and projects a 20–30% increase in its fiduciary portfolio.
• Fibra Terrafina’s July 11 assembly, with 97.9% attendance, approved replacing CIBanco as trustee, following early moves by Fibra Inn and Fibra Shop.
• CIBanco previously administered roughly 2,500 trusts—about 26% of Mexico’s fiduciary market and nearly 3 trillion pesos—serving both domestic and foreign investors under U.S. regulations.
• Experts say redistributing fiduciary contracts will reduce market concentration and strengthen anti-money-laundering controls across the financial system.