Lock Capital and Fibershop Replace Cibank as Trustee.
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• Lock Capital and Fibershop remove CIBanco as fiduciary• Invex and Actinver assume control of affected trusts• Fitch discards systemic impact by Mexican legal framework After the U.S. Treasury Department pointed out CIBanco for alleged money laundering operations, several companies have begun to withdraw its trust management. The first ones to do so were Lock Capital Solutions and Fibershop, who chose to appoint new trustees. Lock Capital annou…
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