MADRID (AP) — The tiny European state of Andorra says a study shows one of its banks had 923 accounts suspected of money laundering, a finding the bank’s principal shareholders have blasted as false and misleading. Andorran authorities seized Banca Privada d’Andorra last year after it was accused by the U.S. of helping groups from […]

Banco de Madrid has filed for bankruptcy less than a week after its Andorran parent was accused of money laundering by US authorities. The US Financial Crimes Enforcement Network said last Tuesday that Banca Privada D’Andorra – which holds all of the capital of Banco de Madrid – was a bank of “primary money laundering […]