Mexico revokes license, liquidates bank accused by US of money laundering
ReutersOct 10, 2025 7:19 PM
MEXICO CITY, Oct 10 (Reuters) - Mexican authorities have revoked the operating license for CIBanco and begun liquidating the lender's assets, bank savings protection agency IPAB said on Friday, after the firm was accused by the U.S. of potential money laundering practices.
In late June, the U.S. Treasury prohibited certain transactions with CIBanco and two other Mexico-based financial institutions as part of fentanyl-related sanctions.
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