Puerto Vallarta News

Puerto Vallarta News

‘Unauthorized transfers’ siphon funds from Mexican banks

An as yet unknown amount of funds were sucked out of at least five Mexican financial groups through “unauthorized transfers” in recent days, a top central bank official said on Friday, while stopping short of calling it a cyber attack.

Lorenza Martinez, head of Banxico’s payment system, told Reuters that it was still unclear how much money had been fraudulently transferred and she refrained from naming the affected institutions, which could include banks and brokers.

“These unauthorized transfers were originated in the system that connects the institutions to the payment system,” Martinez said in a telephone interview, noting that . . .

Read Full Story

Related Posts

Mexican peso weakens

Peso slips after hot streak as markets cool in Mexico

After a rapid rally, the peso eased versus the dollar Friday, seen as a technical...
china trade

China deepens its economic reach across Latin America

China-Latin America trade hit $518B in 2024 and investment stock nears $190B, reshaping supply chains...
Mexico posts record 2025 federal revenue topping 6.0T pesos, SAT says

Mexico sets 2025 federal revenue record above 6T pesos

SAT says Mexico collected a record 6.045T pesos in 2025, beating the legal target as...
Don’t Be 'That' Foreigner in Mexico

Don’t Be ‘That’ Foreigner in Mexico

A practical integration guide for expats in Mexico and how to build real community without...