News

U.S. prosecutors returned more than $53 million that they seized from Banco San Juan Internacional last year as part of a civil action taken against the Puerto Rican lender for allegedly violating U.S. sanctions and the Bank Secrecy Act, or BSA. BSJI must still pay $1 million and bolster its risk-management practices and compliance controls to draw a line under the investigation, especially with regard to the filing of suspicious activity reports, or SARs, the U.S. Attorney's Office for the District of Puerto Rico disclosed Tuesday. FBI agents raided BSJI's offices in Guaynabo, Puerto Rico, in February 2019, seeking details...