All FinCEN Gap Rule articles

  • Puerto Rico banking
    News Brief

    FinCEN fines P.R.-based Bancredito $15M in landmark AML action

    2023-09-15T17:23:00Z

    Puerto Rico-based Bancrédito International Bank and Trust Corporation was assessed a $15 million penalty by the Financial Crimes Enforcement Network for admitted violations of the Bank Secrecy Act regarding suspicious activity monitoring and anti-money laundering compliance.