US threatens anti-money laundering crackdown on offshore lenders
Reported by JOHN BASQUILL US authorities have vowed to crack down on money laundering through offshore banks, after issuing a US$15mn fine to a Puerto Rican lender accused of facilitating payments linked to bribery, drugs and crypto scams. The Financial Crimes Enforcement Network (FinCEN) says Bancrédito, a San Juan-based bank that is now in liquidation, wilfully violated […]