Mexico's Ministry of Finance and Public Credit issued a clarification that the fines reported by the National Banking and Securities Commission (CNBV) for CI Banco, Intercam and Vector Casa de Bolsa are the same sanctions previously communicated on 25 June. It noted that the CNBV’s updated figure as of end-June, MXN 185 million, reflects breaches in administrative processes identified through regular supervisory reviews that had been notified in advance. The ministry added that it currently has no conclusive information indicating illicit activities by the three institutions, and stated it would act with the full force of the law if such evidence emerged.
Ministry of Finance & Public Credit (Mexico) 2025-07-15
Mexico's Ministry of Finance clarifies CNBV fines on CI Banco, Intercam and Vector total MXN 185 million and repeat the 25 June disclosure
Mexico's Ministry of Finance clarified that fines reported for CI Banco, Intercam, and Vector Casa de Bolsa are the same as those communicated on 25 June. The updated MXN 185 million reflects breaches in administrative processes identified through regular reviews. The ministry stated it has no conclusive evidence of illicit activities but will act decisively if such evidence arises.