OFAC reaches $255k settlement with Banco Popular de Puerto Rico

OFAC has announced that Puerto Rican bank Banco Popular de Puerto Rico (BPPR) has agreed to pay $255,937.86 to settle its potential civil liability for 337 apparent violations of US sanctions on Venezuela. The apparent violations arose from BPRP’s maintenance of 4 personal accounts operated by 2 Venezuelan government employees for 14 months after the issuance of Executive Order 13884. …

VenezuelaVenezuela United StatesUnited States

About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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