Banco Popular de Puerto Rico (BPPR) has agreed to pay more than $255,000 as part of a settlement with the Treasury Department’s Office of Foreign Assets Control (OFAC) to resolve its civil liability for 337 transactions processed in violation of U.S. sanctions.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...