Sheinbaum Demands Proof from U.S. Treasury on Money Laundering Allegations Against Mexican Banks

Mexico City, June 26, 2025 – Claudia Sheinbaum today addressed allegations from the U.S. Treasury Department concerning money laundering involving CIBanco, Intercam, and Vector. Speaking from a press conference, Sheinbaum asserted that no evidence has been presented to substantiate these claims. “If you read the documentation that was published yesterday, there is no proof. These are statements, but there is no proof of where the money laundering is,” Sheinbaum stated. She emphasized that Mexico's position is to act only when concrete evidence is provided, citing the case of General Salvador Cienfuegos as a precedent. “If there is proof, action will be taken. There is no impunity, no matter who it is,” she affirmed. “But if there is no proof, then no action can be taken, as in any crime.” Sheinbaum reiterated that the U.S. Treasury Department has not sent any proof indicating money laundering. “The Treasury Department needs to send the proof, if they have it, so we can accompany them in the process. If there is no proof, then there cannot be recognition of money laundering on our part. There must be proof to know if there was money laundering or not.” She concluded by stating, “We neither deny nor accept it; simply, there is no proof. If there is proof from the Mexican UIF's own investigation, or from the National Banking and Securities Commission, that there is money laundering, action will be taken administratively and even criminally. But if there is no proof, then no action can be taken. This is our position. We are not going to cover for anyone. There is no impunity, but it must be demonstrated that there was indeed money laundering, not with statements, but with conclusive evidence.”