Reuters logo
Andorra sacks board of lender BPA amid money-laundering probe
March 12, 2015 / 12:46 PM / 3 years ago

Andorra sacks board of lender BPA amid money-laundering probe

MADRID, March 12 (Reuters) - The Andorra government has dismissed the board of private bank Banca Privada d‘Andorra (BPA) and sacked three managers in the wake of a money-laundering investigation in the principality.

“The board has been dismissed en masse,” a spokesman for the Andorra government said. Separately a spokesman for its financial watchdog said three managers had also been removed.

Andorra took control of privately-owned BPA on Tuesday, citing alleged bad practice amid a probe into alleged money-laundering.

Reporting By Carlos Ruano and Jesus Aguado; writing by Elisabeth O'Leary, Editing by Sarah White

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below