First BanCorp announced it is aware of a lawsuit filed against it in the United States District Court for the Southern District of New York alleging claims relating to banking services provided to Jeffrey Epstein following a bank acquisition in the U.S. Virgin Islands. The corporation and its subsidiary FirstBank Puerto Rico categorically deny the claims and intend to vigorously defend against them. First BanCorp stated that FirstBank maintains a comprehensive Bank Secrecy Act and Anti-Money Laundering compliance program and works cooperatively with regulators and law enforcement. The corporation is reviewing the complaint and will respond through appropriate legal channels, but will not provide further comment while litigation is pending.
First BancorpLawsuit over banking services to Jeffrey Epstein, with allegations of compliance failures.
First BanCorp.Lawsuit over banking services to Jeffrey Epstein, with allegations of compliance failures.
First Bancorp Inc