financetom
Business
financetom
/
Business
/
Mexico's Terrafina to remove CIBanco as trustee after US sanctions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexico's Terrafina to remove CIBanco as trustee after US sanctions
Jun 27, 2025 11:08 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Duke Energy files to recover $1.1 bln in hurricane costs
Duke Energy files to recover $1.1 bln in hurricane costs
Dec 27, 2024
Dec 27 (Reuters) - U.S.-based utility Duke Energy ( DUK ) said on Friday it had filed a plan with the Florida Public Service Commission to recover about $1.1 billion in direct costs associated with the company's emergency activation and response to hurricanes Debby, Helene and Milton. Duke, the largest utility covering North and South Carolina, said the hurricanes hit...
Duke Energy files for hurricane costs recovery
Duke Energy files for hurricane costs recovery
Dec 27, 2024
Dec 27 (Reuters) - U.S.-based utility Duke Energy ( DUK ) said on Friday it had filed a plan with the Florida Public Service Commission to recover about $1.1 billion in direct costs associated with the company's emergency activation and response to hurricanes Debby, Helene and Milton. (Reporting by Pooja Menon in Bengaluru; Editing by Shinjini Ganguli) ...
Duke Energy files to recover $1.1 billion in hurricane costs
Duke Energy files to recover $1.1 billion in hurricane costs
Dec 27, 2024
(Reuters) - U.S.-based utility Duke Energy ( DUK ) said on Friday it had filed a plan with the Florida Public Service Commission to recover about $1.1 billion in direct costs associated with the company's emergency activation and response to hurricanes Debby, Helene and Milton. Duke, the largest utility covering North and South Carolina, said the hurricanes hit its service...
Free-speech advocates tell Supreme Court US TikTok law reminiscent of dictatorships
Free-speech advocates tell Supreme Court US TikTok law reminiscent of dictatorships
Dec 27, 2024
(Reuters) - A U.S. law against Chinese-owned TikTok evokes the censorship regimes put in place by the United States' authoritarian enemies, free-speech advocates told the Supreme Court on Friday. In an amicus filing, PEN America, Columbia University's Knight First Amendment Institute, and the Free Press urged the country's highest court to strike down the federal TikTok law to ban it...
Copyright 2023-2026 - www.financetom.com All Rights Reserved