A federal judge ordered BIV to pay a former employee accused of money laundering more than $3.5 million as compensation for attorneys fees and creditors. Moreover, BIV could be obligated to pay even more, if a lawsuit filed by the employee, who was exonerated, succeeds.
Federal and state banking regulators are asking one of Venezuelas largest banks to hire a consultant to grade and improve its anti-money laundering program in a written agreement announced Friday.
The U.S. affiliate of a Venezuelan bank entered into a settlement with the U.S. government that ends its three-year legal problems that arose from the U.S. Customs Service undercover sting called Operation Casablanca.
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