A Honduran lawyer who once worked for a company owned by a powerful political family in the Central American country was sentenced in Manhattan to 14 months in prison on Friday after he pleaded guilty to laundering drug money. U.S. District Judge John Koeltl said Andres Acosta Garcia’s sentence, less than the 41 to 51 […]

The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $4 million civil money penalty (CMP) against Gibraltar Private Bank and Trust Company of Coral Gables, Florida, for wilfully violating federal anti-money laundering (AML) laws, known collectively as the Bank Secrecy Act. Since first warned of its deficiencies in 2010, Gibraltar’s compliance failures […]