Losses and lawsuits


Our regular review of the losses and problems caused for financial firms falling foul of fraud, management failure, human error and other operational hazards, as taken from the full descriptions in the IC Squared First Loss Database

Banco Popular de Puerto Rico admits money laundering compliance charges

In a money laundering and relationship risk case, Banco Popular de Puerto Rico agreed in January 2003 to pay a $21.6 million fine to the US government over anti-money laundering compliance. Ban

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