Background on Intercam Banco
Intercam Banco, a Mexican financial institution, has been operating for nearly three decades, adhering strictly to national and international regulations. The bank has always prioritized transparency and legality, maintaining a strong commitment to preventing money laundering and financing terrorism.
Response to US Accusations
Intercam Banco has firmly rejected any allegations of money laundering, as recently highlighted by the Financial Crimes Enforcement Network (FinCEN) of the US Department of Treasury. The bank was named alongside CIBanco and Vector Casa de Bolsa as a concern in money laundering matters.
“We categorically deny any association with Intercam Banco and illicit activities, especially money laundering. We reiterate our unwavering commitment to transparency and legality,” stated the bank in their official communication.
Normal Operations and Client Support
Intercam Banco emphasized that it continues to operate normally and will continue supporting its clients as it always has. The bank assured depositors that their funds are safeguarded by the IPAB, and investment instruments held in the Indeval are secure.
Ongoing Communication with Regulatory Authorities
Intercam Banco clarified that the US Department of Treasury’s communication explicitly excludes its US-based subsidiaries.
The bank pledged to maintain open communication channels with the Mexican Secretariat of Finance and Public Credit (SHCP), the Bank of Mexico (Banxico), and the National Banking and Securities Commission (CNBV). The SHCP has confirmed that it currently holds no information suggesting any wrongdoing by Intercam Banco.
Key Questions and Answers
- Q: What are the allegations against Intercam Banco? A: The US FinCEN accused Intercam Banco, along with CIBanco and Vector Casa de Bolsa, of being a concern in money laundering matters.
- Q: How has Intercam Banco responded to these allegations? A: Intercam Banco has firmly denied any involvement in money laundering or other illicit activities, reaffirming its commitment to transparency and legality.
- Q: Is Intercam Banco still operating normally? A: Yes, Intercam Banco continues to operate under normal conditions and supports its clients as it always has.
- Q: How are depositors’ funds protected? A: Deposits are safeguarded by the IPAB, and investment instruments held in the Indeval remain secure.
- Q: How is Intercam Banco addressing the US accusations? A: Intercam Banco maintains open communication with Mexican regulatory authorities, including the SHCP, Banxico, and CNBV. The SHCP has confirmed no information suggesting wrongdoing by Intercam Banco.
