The president of the Mexican Bankers Association (ABM), Emilio Romano, clarified this Wednesday that Intercam continues to operate normally and that the institution's banking license remains in force, after the U.S. Treasury included the group in its investigation for alleged money laundering operations. Romano explained that Intercam remains an active member of the ABM and that its administrative intervention was lifted last August, once the authorities confirmed that the institution was solvent. "Intercam resolved its banking intervention as a solvent entity, paid all its debts, and anyone who wanted to withdraw their money could do so without problems. This is the first time something like this has happened in Mexico," he highlighted at a press conference. The president of the ABM added that the bank currently operates with a reduced portfolio after selling part of its assets to the fintech Kapital Bank, but its license has not been revoked and will remain in force. At the end of June, an investigation by the U.S. Treasury Department pointed to three Mexican institutions for alleged money laundering operations. In that process, CI Banco sold part of its operation and its license was revoked by the Secretariat of Finance, while Vector Casa de Bolsa also sold assets and client portfolios.
