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Banxico Sees No Contagion From U.S. Allegations, Moves to Bolster AML Controls

Officials credit coordinated oversight plus limited market share for the financial system’s stability.

Overview

  • Banxico reports no signs of contagion to other Mexican financial institutions or evidence of similar actions targeting additional entities.
  • The three firms named by the U.S. Treasury in June—CIBanco, Intercam Banco and Vector Casa de Bolsa—have had their businesses sold or withdrawn from the market.
  • SHCP and CNBV introduced measures to keep the affected institutions operating and to limit potential spillovers.
  • Banxico is adopting new anti–money-laundering technology centered on due‑diligence processes and customer risk assessments, supported by active channels with U.S. counterparts.
  • The central bank says Mexico’s financial system remains solid under Basel III capital and liquidity standards and aligned with FATF guidance, with authorities prepared to act if needed.