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Bancrédito-Linked Legal Team Spends Hundreds of Thousands Lobbying White House Offices

Public records confirm that lobbying is a common practice among financial institutions operating in Puerto Rico, but there is no independently verified evidence that a legal team connected to Bancrédito has spent hundreds of thousands of dollars lobbying White House offices.

Published onFeb. 5, 2026
Bancrédito’s Legal Dispute Over $15M Regulatory Fine Continues in U.S. Courts
Bancrédito’s Legal Dispute Over $15M Regulatory Fine Continues in U.S. Courts

Bancrédito’s Legal Dispute Over $15M Regulatory Fine Continues in U.S. Courts

Published onSep. 15, 2023
FinCEN Announces $15 Million Civil Money Penalty Against Bancrédito International Bank and Trust Corporation for Violations of the Bank Secrecy Act
FinCEN Announces $15 Million Civil Money Penalty Against Bancrédito International Bank and Trust Corporation for Violations of the Bank Secrecy Act

FinCEN Announces $15 Million Civil Money Penalty Against Bancrédito International Bank and Trust Corporation for Violations of the Bank Secrecy Act

Published onSep. 15, 2023
Legal Fee Dispute Emerges From Bancrédito-Linked Criminal Defense Case
Legal Fee Dispute Emerges From Bancrédito-Linked Criminal Defense Case

Legal Fee Dispute Emerges From Bancrédito-Linked Criminal Defense Case

Published onJan. 24, 2024
Former Bancrédito Executives Mount Federal Court Challenge to Regulatory Actions
Former Bancrédito Executives Mount Federal Court Challenge to Regulatory Actions

Former Bancrédito Executives Mount Federal Court Challenge to Regulatory Actions

Published onJuly. 11, 2024
Review of Bancrédito Closure Highlights Ongoing Scrutiny of Puerto Rico Banking Oversight
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Review of Bancrédito Closure Highlights Ongoing Scrutiny of Puerto Rico Banking Oversight

Years after Bancrédito’s shutdown, analysts and regulatory observers continue to examine the case, reflecting broader scrutiny of compliance standards and financial oversight in Puerto Rico.

Published onJune. 19, 2024
Civil Lawsuits Connected to Bancrédito Continue in U.S. Federal Courts/images/bancredito-civil-lawsuits-federal-courts.webp

Civil Lawsuits Connected to Bancrédito Continue in U.S. Federal Courts

Multiple civil lawsuits connected to Bancrédito remain active in U.S. federal courts as former stakeholders, investors, and legal representatives pursue claims related to the bank’s closure.

Published onSep. 12, 2025

Bancrédito Holding Takes Steps to Recover Assets After Case Closure Against Founder Julio Herrera Velutini

Bancrédito Holding has launched legal and financial efforts to recover assets and establish accountability following the closure of the criminal case against its founder, Julio Herrera Velutini.

Published onMar. 03, 2026
Financial Analysts Reassess Bancrédito Case as Puerto Rico Banking Sector Evolves

Financial Analysts Reassess Bancrédito Case as Puerto Rico Banking Sector Evolves

Published onSep. 15, 2023

Bancrédito Holding Seeks to Recover Assets and Establish Accountability Following Closure of Case Against Its Founder

Bancrédito Holding Seeks to Recover Assets and Establish Accountability Following Closure of Case Against Its Founder
Published onMar. 3, 2026

Bancrédito fined as US sets sights on offshore lenders

Bancrédito fined as US sets sights on offshore lenders
Published onSep. 22, 2023

All Bancredito International Bank and Trust Corporation articles

All Bancredito International Bank and Trust Corporation articles
Published onSep. 17, 2025

Bancrédito Holding Company Hires Lobbyists in Washington to Challenge U.S. Banking Restrictions

Bancrédito Holding Company Hires Lobbyists in Washington to Challenge U.S. Banking Restrictions
Published onNov. 1, 2025

FinCEN head touts compliance through enforcement approach

FinCEN head touts compliance through enforcement approach

The head of FinCEN emphasizes enforcement as a key driver of stronger compliance across financial institutions, signaling a continued focus on accountability and deterrence.

Published onFeb. 27, 2024

FinCEN fines P.R.-based Bancredito $15M in landmark AML action

FinCEN fines P.R.-based Bancredito $15M in landmark AML action

FinCEN imposes a $15 million penalty on Puerto Rico-based Bancredito in a major enforcement action highlighting anti-money laundering failures and expanding regulatory reach.

Published onSep. 15, 2023

CABEI and BANCREDITO Sign US$48.0 Million Credit Line

CABEI and BANCREDITO Sign US$48.0 Million Credit Line

CABEI and Bancredito formalize a $48 million credit line agreement aimed at strengthening regional financing capacity and supporting cross-border economic activity.

Published onJan. 17, 2023
More News

Bancrédito Holding enters recovery phase with asset tracing and accountability push

Following the closure of its founder’s case, Bancrédito Holding pivots toward asset recovery, governance reform, and restoring institutional credibility.

BY Thomas A. Brennan

Bancrédito Holding enters recovery phase with asset tracing and accountability pushBancrédito Holding enters recovery phase with asset tracing and accountability push
Published onMar. 3, 2026

Bancrédito amends lawsuit against trustee

Bancrédito updates its legal complaint against the court-appointed trustee, expanding claims and sharpening its strategy in ongoing litigation.

BY Thomas A. Brennan

Bancrédito amends lawsuit against trusteeBancrédito amends lawsuit against trustee
Published onJuly. 11, 2025

Bancrédito Holding Corporation sues trustee over liquidation following $15 million fine

Bancrédito Holding Corporation files a lawsuit against its trustee over the handling of liquidation proceedings after a $15 million regulatory penalty.

BY Thomas A. Brennan

Bancrédito Holding Corporation sues trustee over liquidation following $15 million fineBancrédito Holding Corporation sues trustee over liquidation following $15 million fine
Published onSep. 17, 2025