Banco_Continental_(Honduras)

Banco Continental (Honduras)

Banco Continental (Honduras)

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Banco Continental was a bank in Honduras founded by Jaime Rosenthal on March 20, 1974, and aimed at commercial and agro-industrial banking,[1] including coffee producers.[2] On October 7. 2015, the United States Department of Justice released a statement saying that Rosenthal, his son Yani Rosenthal and nephew Yankel Rosenthal, as well as seven businesses, were labeled "specially designated narcotics traffickers" under the Foreign Narcotics Kingpin Designation Act. This was the first time the designation had been applied against a bank outside the United States.[3] As a result, the official Comisión Nacional de Banca y Seguros (CNBS) forcibly liquidated the bank, which remained closed as of Monday, October 12, 2015.[4][5]

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References

  1. [1]
    Historia Published by Banco Continental, October 12, 2015 Archived November 17, 2015, at the Wayback Machine
  2. [2]
    "Some 30 thousand coffee growers will stop receiving 500 million from Banco Continental". El Tiempo (in Spanish). October 13, 2015. Retrieved December 12, 2018.
  3. [3]
    "Powerful Honduran businessman indicted in US for alleged money laundering for drug traffickers". U.S. News. October 7, 2015.
  4. [4]
    "CNBC proceeds to the compulsory liquidation of Banco Continental". El Tiempo (in Spanish). October 12, 2015. Retrieved December 12, 2018.
  5. [5]
    "Honduran bank at center of money laundering case to be shut down". Reuters. October 12, 2015. Retrieved December 12, 2018.


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