Regulatory Alerts2018-11-21 | DOF 5544386Added
Office Order revoking the authorization granted to Casa de Cambio Tiber, S.A. de C.V. to operate as a currency exchange
The Ministry of Finance and Public Credit revokes the authorization of Casa de Cambio Tiber, S.A. de C.V. to operate as a currency exchange due to its failure to maintain the minimum required capital and its cessation of professional currency exchange operations. The revocation is based on violations of Article 87, fractions II and V of the General Law of Organizations and Auxiliary Credit Activities, following a procedure where the entity failed to present a defense. The decision follows favorable opinions from the National Banking and Securities Commission and the Bank of Mexico, ensuring the protection of creditors and the public.
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