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Miami Businessman Sues Spanish Bank for Filing SAR on Colombia Transfers
By Brian Monroe
printA Colombian national is seeking $15,000 in a lawsuit against a Spanish bank for allegedly filing an unwarranted suspicious activity report on him in an effort to justify dropping his account. The complaint, filed April 17 by Florida resident Carlos Mattos, claims that Banco Bilbao Vizcaya Argentaria (BBVA) dropped Mattos as a client after compliance staff questioned a rise in the number of wires to Colombia from one of his accounts. The increase had been the result of a request by a BBVA account manager that he consolidate the transfers into a single account, according to Mattos. In a subsequent...
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