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Mexico to Lift Temporary Interventions on CI Banco, Intercam and Vector, Finance Chief Says

Officials cite stable payment systems during the final stage of the unwind.

Overview

  • Finance Secretary Édgar Amador Zamora said the preventive interventions on CI Banco, Intercam and Vector Casa de Bolsa are about to be lifted.
  • Key business transfers have advanced, including Intercam’s banking license to Kapital and CI Banco’s fiduciary business to Multiva, while Vector’s process continues normally.
  • Authorities reported that banks and the national payments system are operating normally, noting the fiduciary transfer milestone was met a day ahead of the September 4 target.
  • President Claudia Sheinbaum and Amador said U.S. authorities have not provided conclusive evidence to substantiate the money-laundering accusations.
  • The measures followed the U.S. Treasury’s June 25 designation linking the firms to a fentanyl-related laundering network, and regulators will announce further progress as remaining asset reallocations are finalized.