Gerardo Galvis

Sep 26, 2023 | jdsupra.com | Deborah Connor |Marc-Alain Galeazzi |Gerardo Galvis

On September 15, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) announced its first “Gap Rule” enforcement action in a Consent Order with Bancrédito International Bank and Trust Corporation (“Bancrédito”), a Puerto Rican international banking entity (IBE).

Sep 26, 2023 | lexology.com | Deborah Connor |Barbara R. Mendelson |Marc-Alain Galeazzi |Gerardo Galvis |Elizabeth Shaw

On September 15, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) announced its first “Gap Rule” enforcement action in a Consent Order with Bancrédito International Bank and Trust Corporation (“Bancrédito”), a Puerto Rican international banking entity (IBE).