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Mexico Revokes CAME’s Sofipo License as Liquidation Begins

Regulators cited severe capital shortfalls and accounting irregularities, prompting activation of capped payouts for protected deposits.

Overview

  • CAME’s authorization was revoked in a resolution signed September 19 and published in the Diario Oficial, placing the institution into dissolution and liquidation with operations halted.
  • The Fondo de Protección opened the claims process for guaranteed deposits with a 180‑day window and a maximum payment of 25,000 UDIS per person, payable by transfer, check or payment order.
  • Eligible payouts will be net of any debts owed to the institution, according to the notice outlining compensation for protected savers.
  • Processing timelines include up to 15 business days for the liquidator’s review, 20 business days for committee validation, and payment within 80 calendar days after validation.
  • Applications can be filed online via the Fondo de Protección portal or in person at the liquidation office at Atanasio G. Sarabia 1565, Iztapalapa, as depositors continue organizing actions after months of restricted access and a reported lawsuit naming the CNBV.