Overview

• FinCEN flagged CI Banco and Intercam for possible money laundering linked to organized crime, leading the CNBV to impose temporary intervention in mid-June.
• The SHCP has initiated the transfer of more than 3,000 fiduciary contracts from CI Banco and Intercam to Nafin and Banobras to maintain continuity of services.
• Fibra Uno has nominated Altor Casa de Bolsa as its new common representative and will hold an extraordinary meeting on July 18 to confirm the appointment.
• Other leading FIBRAs including Fibra Shop, Fibra Inn and Fibra Terrafina are also moving to replace CI Banco, with Fibra Shop already appointing Actinver.
• Fibra Next’s IPO pricing, originally set for July 3, has been postponed pending completion of the fiduciary transition to reassure investors.