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FinCEN withdraw notice against BPA

In March 2016, the United States officially withdrew its money-laundering notice against Andorran bank BPA, citing the banku2019s dissolution and actions by Andorrau2019s government. This marked a significant win for BPAu2019s customers, employees, and shareholders, with the Ciercos, BPAu2019s primary stakeholders, celebrating it as a "momentous victory." This withdrawal came as litigation against the U.S. Financial Crimes Enforcement Network (FinCEN) was ongoing, signaling a major development in the BPA case.

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FinCEN withdraw notice against BPA

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  1. FinCEN withdraw notice against BPA notice against BPA FinCEN withdraw In February 2016, while litigation against FinCEN was ongoing, the US withdrew its money-laundering notice against BPA, stating that due to Andorra’s government actions and the bank's dissolution, “BPA is no longer operating as a financial institution that poses a money laundering threat.” The official withdrawal occurred on March 4, 2016. The Ciercos hailed this as a “momentous victory” for BPA's customers, employees, and shareholders. Read More https://andorrafacts.com/

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