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Mexican Bankers Declare FinCEN Case Closed as CIBanco, Intercam and Vector Cease Operations

ABM cites an orderly wind‑down that protected clients following U.S. fentanyl‑related sanctions.

Overview

  • CIBanco is in liquidation with IPAB after voluntarily surrendering its banking license.
  • Intercam’s operations were transferred, including a reported sale of assets to Kapital Bank, and Vector Casa de Bolsa also exited banking activities.
  • ABM vice president Jorge Arce said authorities supervised the process, ensured client protections and oversaw asset transfers to other institutions.
  • The banking system continues to operate normally with no major disruptions reported by the industry group.
  • U.S. Treasury and FinCEN identified the three firms on June 25 under new fentanyl‑related sanctions authorities, and ABM urged stronger AML controls and closer coordination with SHCP, Banxico and CNBV.