Ways to withdraw your money from CIBanco
CIBanco License Revocation and Liquidation Announcement Mexico’s Bank Savings Protection Association (IPAB) has revoked the license of CIBanco, moving forward with the liquidation of the troubled financial services provider. On Friday, IPAB disclosed that it will start distributing insured deposits beginning Monday, October 13. Account holders are advised to check the official website for further […]
CIBanco, Intercam, and Vector receive temporary relief from US money laundering penalties
US Treasury Delays Sanctions on Mexican Banks Financial institutions in Mexico—Cibanco, Intercam, and Vector—will have an additional 45 days to meet specific standards before facing sanctions, as announced by the US Treasury Department’s Financial Crime Enforcement Network (FINCEN) on Wednesday. An order from FINCEN issued on June 25 prohibited fund transfers among the three banks, […]