Overview

• Mexico’s Finance Ministry confirmed Ángel Cabrera Mendoza will succeed Jesús de la Fuente at the CNBV on September 1 after de la Fuente’s tenure since November 2021.
• Immediate priorities include handling U.S. FinCEN/Treasury cases involving CIBanco, Intercam and Vector, after CNBV administrative interventions and fines exceeding 185 million pesos in July.
• U.S. authorities granted a second extension delaying enforcement of sanctions on the three institutions, keeping cross‑border anti‑money‑laundering actions in flux.
• Cabrera also inherits the Sofipo CAME failure that left more than 1.3 million clients without access to funds, with the CNBV’s interventor expected to deliver findings by December.
• The banking association welcomed the change and pledged to work with regulators, noting stable operations as pending bank conversions and fintech license reviews advance.