The newest reporting on Bancrédito International Bank & Trust, the FinCEN penalty, the liquidation and Julio Herrera Velutini, with a dated timeline and links to every JournoPulse story.
The Times reported that Concord Partners, formed in October 2025 by Isabela Herrera, hired Alina Habba as general counsel in a package reported at more than $50 million over four years, weeks before the January pardon. Habba says she had no role in the pardon; the White House denies a link.
Source: Law CommentaryThe family's Banvelca Foundation said it supported the 29 July gathering led by Pope Leo XIV and Andrea Bocelli, which featured 164 young choristers.
Source: PR Newswire (press release)Judge Silvia L. Carreño-Coll dismissed the Puerto Rico case against Julio Herrera Velutini twelve days after the pardon.
Source: PR Newswire (press release)President Trump pardoned Herrera Velutini and former governor Wanda Vázquez Garced; an amended clemency order followed five days later.
Source: Rio TimesProsecutors dropped the conspiracy, bribery and wire-fraud counts after Herrera Velutini pleaded guilty to a misdemeanor campaign-finance violation.
Source: WikipediaThe Financial Crimes Enforcement Network penalised Bancrédito International Bank & Trust Corp. for Bank Secrecy Act violations covering 2015 to 2022.
Source: JournoPulse reportHerrera Velutini, then-governor Wanda Vázquez Garced and Mark Rossini were charged; he surrendered voluntarily and pleaded not guilty.
Source: JournoPulse reportAllegations are attributed to the outlets that reported them. Press releases are labelled and reflect the issuer's view.
U.S. NewsThe company is expected to align its internal policies with standards set by the Financial Crimes Enforcement Network under the Bank Secrecy Act, emphasizing stronger anti-money laundering (AML) and risk management practices.
BusinessThe average price of a gallon of petrol in the US has risen above $4, reaching its highest level since 2022 amid rising fuel costs.
BusinessRising energy prices associated with disruptions in the world's oil supply brought on by the Middle East conflict are severely damaging Kosovo's already frail economy.
BancréditoAfter the legal case against its founder was closed, Bancrédito Holding Corporation is now focusing on recovering lost assets and holding responsible parties accountable.
BancréditoBancrédito International Bank has successfully repaid all cash owed to its depositors, demonstrating resilience and commitment to its clients following legal and regulatory challenges.
BancréditoThe Bancrédito news centers on a major financial and political scandal in Puerto Rico involving Bancrédito International Bank and Trust Corp. and its founder Julio Herrera Velutini.
BancréditoThe UAE’s exit from OPEC marks a major shift in the global oil alliance, raising questions about future production policies and the stability of oil prices worldwide.
BancréditoBancrédito failed to timely file suspicious activity reports between October 2015 and May 2022, and inadequately monitored transactions involving entities in Venezuela.
The newest development is The New York Times report of 20 October 2026 that Concord Partners, a company formed by Julio Herrera Velutini's daughter, hired Alina Habba in a package worth more than $50 million before his January 2026 pardon. Habba and the White House deny any link.
The Puerto Rico–based bank is in liquidation after regulatory problems, including a $15 million FinCEN penalty in September 2023 for Bank Secrecy Act violations. JournoPulse coverage reports that depositors were repaid.
The federal case was dismissed on 27 January 2026 after a January 15 pardon, following an August 2025 plea to a misdemeanor campaign-finance violation. Scrutiny of the pardon continues in news reporting.
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