Mexico's Terrafina to remove CIBanco as trustee after US sanctions

MEXICO CITY, June 27 (Reuters) - Mexican real estate trust Terrafina said on Friday it planned to remove bank CIBanco as its trustee due to U.S. money laundering accusations, which resulted in Mexico's banking regulator stepping in to manage it.

CIBanco has rejected the sanctions from the U.S. Treasury Department, which prohibit certain transactions with the firm. President Claudia Sheinbaum said on Thursday she had not received any evidence of money laundering from the U.S., which also sanctioned two other financial operators, Vector Casa de Bolsa and Intercam Banco.