Banca Privada d'Andorra named a Foreign Financial Institution of Primary Money Laundering Concern

The Financial Crimes Enforcement Network (FinCEN) recently named Banca Privada d'Andorra (BPA) as a foreign financial institution of primary money laundering concern. “This finding and notice of proposed rulemaking are based on information indicating that, for several years, high-level managers at BPA have knowingly facilitated transactions on behalf of third-party money launderers acting on behalf of transnational criminal organizations”. To Access full article: Click here

Additional links:

Andorran authorities steps in and takes control of BPA. To Access full article: Click here

Spanish authorities intervenes in the management of Banco de Madrid, a subsidiary of BPA. To Access full article: Click here




ComplianceAid BSA AML Services LLC

150 SE 2nd Ave, Suite 300, Miami, Florida, 33131, USA
+1 (305) 772-9712

Follow us on