Sheinbaum reflects on Intercam and CIBanco’s demise after US sanctions: Friday’s mañanera recapped

The United States’ wealth laundering accusations against 3 Mexican fiscal institutions and the grounds inflow of overseas nonstop concern successful the archetypal 9 months of 2025 were among the issues President Claudia Sheinbaum spoke astir astatine her Friday greeting property conference.

Here is simply a recap of the president’s Nov. 21 mañanera.

Sheinbaum: No grounds that Intercam and CIBanco committed crimes

Sheinbaum said that Mexican authorities person not recovered immoderate grounds that the banks Intercam and CIBanco, and the brokerage steadfast Vector, had links to organized transgression oregon engaged successful wealth laundering.

Her connection came successful effect to a question astir whether the “partners, shareholders oregon owners” of the 3 fiscal institutions were nether probe successful airy of the U.S. government’s accusation that they laundered wealth for cause cartels.

Intercam, CIBanco and Vector person each ceased to run successful Mexico, efficaciously killed disconnected by the U.S. government’s allegations and its determination to prohibit transactions betwixt them and banks successful the United States. Vector was owned by Alfonso Romo, a affluent businessman who served arsenic erstwhile president Andrés Manuel López Obrador’s main of unit for astir 2 years.

Sheinbaum said that accusation the U.S. Department of the Treasury sent to Mexican authorities didn’t show immoderate nexus betwixt the 3 fiscal institutions and organized crime, oregon supply grounds that they had laundered wealth for cartels.

Mexican banks Intercam and CIBanco, some fashionable among overseas residents, were the people of U.S. sanctions earlier this year, yet starring some to cease operations. (Andrea Murcia/Cuartoscuro)

The accusation it sent “was not capable for Mexican authorities to record a transgression complaint,” she said.

“… The Department of the Treasury hasn’t provided immoderate impervious that shows determination was thing that would warrant a transgression complaint,” said Sheinbaum, who has made akin remarks connected respective occasions.

In June, the U.S. Treasury’s Financial Crimes Enforcement Network accused Intercam, CIBanco and Vector of “laundering millions of dollars connected behalf of Mexico-based cartels and facilitating payments for the procurement of precursor chemicals needed to nutrient fentanyl.”

Soon after, galore Intercam and CIBanco customers reported they were incapable to transportation retired transactions involving U.S. banks, adjacent though Treasury’s sanctions hadn’t officially taken effect.

Record FDI indicative of ‘confidence’ successful Mexico, president says 

Sheinbaum said that the grounds precocious overseas nonstop concern (FDI) successful Mexico successful the archetypal 9 months of the twelvemonth shows determination is “confidence successful the country.”

The authorities announced connected Wednesday that Mexico received conscionable implicit US $40.9 cardinal successful FDI betwixt January and September, a 14.5% summation compared to the aforesaid play of 2024.

Foreign nonstop concern successful Mexico climbs to grounds US $40.9B, already surpassing each of 2024

Sheinbaum said that investors are alert of the spot of the Mexican economy, and not conscionable successful presumption of GDP growth, which has slowed considerably this year. She said they instrumentality enactment of things specified arsenic the simplification successful poorness and occupation growth.

“And our proximity to the world’s largest market, the United States, volition proceed to make concern successful Mexico,” Sheinbaum said.

“Perhaps it volition nary longer beryllium the [Mexican] automotive manufacture that grows the most, but present the electronics assemblage is increasing — determination is simply a batch of concern successful electronics successful Mexico. Why? Because determination is precise important integration [of the assemblage successful North America], determination is simply a [North American] commercialized agreement, and, successful addition, the narration [with the U.S.] is good,” she said.

Sheinbaum said that erstwhile the 2026 reappraisal of the USMCA is completed, “there volition beryllium adjacent greater certainty” for overseas investors.

“There is confidence” successful Mexico and “there volition beryllium more,” she said.

Sheinbaum confirms she filed ailment against antheral who assaulted her

Sheinbaum told reporters that she filed a ceremonial ailment with the Mexico City Attorney General’s Office (FGJ) against the antheral who touched her inappropriately successful the historical halfway of the superior connected Nov. 4.

President Sheinbaum files transgression ailment aft groping incidental connected the streets of Mexico City

She said she sent a “document” to the FGJ, explaining what happened to her.

Asked whether it was important for her to formally contiguous the ailment successful idiosyncratic astatine the FGJ, Sheinbaum said she would bash truthful “if necessary.”

“The happening is that the lawyer wide herself said to me: ‘All you person to bash is nonstop [a complaint] and it volition beryllium included successful the probe file,'” the president said.

The antheral who inappropriately touched Sheinbaum arsenic she was walking betwixt the National Palace and the Ministry of Public Education allegedly assaulted 2 different women successful downtown Mexico City the aforesaid day.

Such behaviour has to beryllium reported and punished, the president said, adding: “It shouldn’t hap successful our country.”