| Intercredit Bank |
| Intercredit Bank, NA Mauricio E. Laniado CEO Intercredit Bank fined $200,000 for not complying with the bank secrecy act in prior years Miami, Florid |
| 30th of Apr, 2011 by User760161 |
Miami-based Intercredit Bank agreed to pay a $200,000 fine to federal regulators as a penalty for not complying with the Bank Secrecy Act in prior years. The consent order was issued on June 21 and made public by the Office of the Comptroller of the Currency on Friday. Intercredit Bank President and CEO Mauricio Laniado said it paid the fine in the second quarter.
The bank lost $4.3 million in the first six months of this year, but the $267 million-asset institution kept its capital ratios well above regulatory requirements as it raised capital from shareholders. It also closed several branches.
The fine came because Intercredit bank failed to comply with the Bank Secrecy Act, which regulates money laundering, and failed to file suspicious activity reports on certain accounts during 2006 and 2007.
Laniado said the bank didnt properly profile some customers and didnt monitor some transactions that should have been investigated.
Read more: Intercredit Bank fined $200,000 | South Florida Business Journal Read more: Intercredit Bank fined $200,000 | South Florida Business Journal |
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Mauricio Laniado resigned from Pacific National Bank after problems with alleged money laundering.
In fact Pacific National Bank of Miami recently got hit with a record $7 million dollar fine from the OCC for related violations of the bank secrecy act AKA money laundering. It is obvious that we have a serious problem with money laundering executives such as Mr. Mauricio Laniado. Aparently he continues his money laundering activities and continues to get away with it by paying fines. This must mean that the money laundering operations are so profitable that Intercredit Bank, NA and Pacific National Bank can continue to operate. |
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| Those banks were never accused of money laudering. The fines were imposed for lack of controls and for lack of BSA processes. Before you opined you should do a little research. |
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| Concernedcitizen should educate him/herself more about BSA / money laundering and fines impossed to Banks before issuing inflamatory comments about individuals and financial institutions. Have you Concernedcitizen heard about any court case against any of these parties mentioned before? Or any money laundering case against those or any party with an account in those financial institutions? |
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| este estimado caballero me dejo plantada en un almuerzo concebido en el bankers ckub de guayaquil, y me dio mucha pena no haber compartido una deliciosa comida hablando de la hipoteca de un local comercial donde tiene una agencia bancaria que no ha pagado los valores de los alquileres a la propietaria del centro comercial que soy yo seria un placer disfrutar esa comida juntos. atte biologa BETTY NARANJO BORJA |
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