Banca Privada d’Andorra

"On March 13, 2015, FinCEN provided notice in the Federal Register that it had found Banca Privada d'Andorra (“BPA”), a bank headquartered in Andorra, to be of primary money laundering concern."; "FinCEN therefore has determined that BPA no longer is a primary money laundering concern and will not impose any special measures under Section 311 with respect to BPA."

"BPA is one of five Andorran banks and is a subsidiary of the BPA Group, a privately-held entity."; "Founded in 1962, BPA is the fourth largest bank of the five banks in Andorra and has 1.79 billion euro in assets."; "The bank has seven domestic branches in Andorra and five foreign branches that operate in Spain, Switzerland, Luxembourg, Panama, and Uruguay."