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Violation Tracker Individual Record

Company: Banco Popular de Puerto Rico
Current Parent Company: Popular Inc.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: Puerto Rico
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.