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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: September 17, 2023

Written by FinCrimeSeptember 17, 2023

Puerto Rico’s Bancrédito International Bank and Trust Corp. hit with $15 million BSA fine

Reported by Jordan Stutts A Puerto Rico bank seized earlier this year by regulators will pay a $15 million fine in the first enforcement action under a two-year-old federal rule aimed at closing gaps in anti-money-laundering enforcement. Bancrédito International Bank and Trust Corp. — which was placed in receivership this year by banking regulators in […]

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