CIBanco Confirms Liquidation Amid U.S. Treasury's Organized Crime Allegations

CIBancos liquidation follows accusations by the United States Department of the Treasury regarding its alleged connections to organized crime in Mexico, raising concerns about money laundering.

• The Instituto para la Protección al Ahorro Bancario confirmed CIBancos liquidation, responding to U.S. Treasury allegations of the banks ties to organized crime and money laundering activities.
• CIBancos closure marks a significant event in the Mexican banking sector, with the Comisión Nacional Bancaria y de Valores overseeing the process and ensuring regulatory compliance during the liquidation.
• Clients of CIBanco have been advised on their options regarding the banks closure, as the Instituto para la Protección al Ahorro Bancario outlined measures to protect depositors interests.