Violation Tracker Individual Record

Company: 
Banco Popular de Puerto Rico
Current Parent Company: 
Popular Inc.
Penalty: 
$21,600,000
Year: 
2003
Date: 
January 16, 2003
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

Banco Popular de Puerto Rico agreed to forfeit $21.6 million to the United States as part of a deferred prosecution agreement on charges of failing to report suspicious financial activity.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
Facility State: 
Puerto Rico
HQ Country of Parent: 
USA
HQ State of Parent: 
Puerto Rico
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.