CIBanco has voluntarily dismissed its lawsuit against the US Department of the Treasury, the Financial Crimes Enforcement Network (FinCEN), and their top officials, according to a court filing made public Thursday.
The bank originally filed the case in a district court in Columbia following US allegations in June that it had facilitated money laundering. CIBanco said it chose to drop the suit due to the damage the controversy has already caused to its business.
The dismissal notice, dated Aug. 21 and submitted by law firm White & Case on behalf of Alvarez & Marsal México—the court-appointed administrator of CIBanco—confirms that the withdrawal is “without prejudice,” allowing the bank to potentially refile the case. The defendants had not yet issued a response or sought summary judgment.
The filing also referenced a new FinCEN order issued Aug. 19, which modified its earlier June 25 directive restricting certain fund transfers involving CIBanco. That order, previously updated on July 11, now extends the prohibition through Oct. 20, 2025.
CIBanco remains under provisional administration by Alvarez & Marsal México, appointed by Mexico’s Institute for the Protection of Bank Savings (IPAB). The administrator currently holds full board and executive authority, including responsibility for litigation.