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Credicorp Bank fined for laundering prevention failures

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Panama bank fined for  laundering prevention failures


Posted 17/05/2019

Panama’s  Credicorp Bank has been hit with two sanctions totaling $787 500 for violations of prevention of money laundering and the banking system.

The fines were imposed by the Superintendency of Panama Banks of (SBP)  after a special inspection process carried out between October and December 2015, which detected flaws in the bank's prevention schemes.



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  • Moderator_02 changed the title to Credicorp Bank fined for laundering prevention failures

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