Andorra bank seeks probe after U.S. Treasury forced closure for “money laundering”
15 Mar 2017

The former owners of the now defunct Banca Privada d’Andorra S.A. are calling for an investigation into why the U.S. Treasury Department labeled the Andorran bank a “primary money laundering concern,” a move which helped drive the bank out of business.

A lawyer for the Cierco family, which controlled the bank, sent a letter to Treasury Department’s Office of the Inspector General on Tuesday, asking for the office to investigate how the department reached the conclusion that BPA was aiding money launderers.

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