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The Superintendent of Banking(SBP) of the Republic of Panama has ordered the liquidation of FPB Bank, Inc., one of the financial institutions that allegedly moved the bribe payments for Norberto Odebrecht SA, the Brazilian construction company at the center of a hemispheric corruption scandal. The fact that the bank was also involved with the "Panama Papers" law firm, Mossack & Fonseca, was also reportedly a factor in the liquidation order.
If you read Spanish, the complete text of the SBP advisory can be seen here.
Chronicles of Monte Friesner - Financial Crime Analyst
Contributed by Kenneth Rijock - Financial Crime Consultant
