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Oceanografia

Citi announces another alleged fraud at Banamex

CFO reveals details of secondary case, including amounts involved (more…)

#credit risk#risk

Arresting developments in Banamex fraud case

Mexican authorities issue warrants and charge Oceanografнa CEO (more…)

#bank#confirming#WHO


Axe falls on 11 in Banamex aftermath

Senior executives amongst those fired for failing to prevent USD400million fraud (more…)

#bank#international#risk


Stricter regulations to be enforced in wake of Banamex...

CNBV to introduce more stringent procedures for lax banks by Q4 (more…)

#bank#banks#Paid


A lesson of vigilance? – Banamex falls foul of...

When a company's back is to the wall, passing fresh air invoices to their factoring provider usually starts as a…

#frauds#international#invoice


Oceanografia CEO turns self in to be questioned by...

Amado Yanez held for questioning (more…)

#bank#receivables


Fitch: Banamex chances to recover lost funds are ‘low...

Fitch says recent Banamex's exposure and losses do not affect its overall financial condition (more…)

#bank#management#risk


Citi Group to ‘lose millions’ due to receivables finance...

The Securities and Exchange Commission is investigating a fraud connected with the receivables finance programme of Citigroup’s Mexican subsidiary. (more…)

#anti-money laundering#bank#receivables


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