CIBanco Shut Down Over Money Laundering Claims

Mexico City, Mexico — The Institute for the Protection of Bank Savings (IPAB) announced that, starting Friday, October 10, the liquidation process for CIBanco, Institución de Banca Múltiple, has commenced following the revocation of its license due to alleged operations related to money laundering. In response to this situation, the IPAB will begin paying out insured deposits starting October 13, 2025.

Depositors can initiate the process by logging into the official website: www.gob.mx/ipab.

Deposit Insurance Coverage

Deposits at CIBanco are protected by the IPAB for up to 400,000 Investment Units (UDIs) per person, which is equivalent to 3 million 424 thousand 262.40 pesos as of October 10, 2025. This coverage will apply only to products considered insured deposits, provided they are not subject to the exclusion criteria established in the Law for the Protection of Bank Savings (LPAB).

According to the announcement, it is important to highlight that the IPAB does not cover deposits belonging to shareholders of CIBanco, members of the board of administration, officials from the top two hierarchical levels, general agents with administrative powers, and general managers. Despite this, these individuals retain their right to claim directly from the institution in liquidation, in this case, CIBanco.

Information Channels for Customers

The IPAB explained that information for both depositors and those with loans, as well as the general public interested in recovering their money, will be provided through different web pages. The sites are: IPAB Payment Portal: CIBanco; information for the depositing public of CIBanco; information for people who have a loan(s) with CIBanco; CIBanco press; CIBanco contact; clarifications: CIBanco; legal framework for Bank Savings Protection and Banking Resolutions; notice about fraudsters and terms of use.

Government Had Previously Defended the Institutions

It is noteworthy that, at the time, the Secretary of Finance and Public Credit, Édgar Amador Zamora, asserted that "there was no evidence" against CIBanco, Intercam Banco, and Vector Casa de Bolsa, following accusations from the United States Department of the Treasury, which alleged these institutions had facilitated money laundering operations linked to drug trafficking.

"Everything is proceeding normally, we are even about to lift the interventions," declared Amador Zamora, referring to the preventive actions that the Ministry of Finance and the National Banking and Securities Commission (CNBV) undertook in July of this year 2025.