Information about the money transfer to the PNB is being requested
Two opposition assemblymen, Galo Lara of the Partido Sociedad Patriotica (PSP) and Clever Jimenez of Pachakutik (PK), are investigating what has happened with the Pacific National Bank (PNB), which belongs to the Banco del Pacifico de Ecuador and is currently being sold, after it failed to establish and maintain procedures to ensure control of money laundering, according to the Office of the Comptroller of the Currency (OCC).
Lara, current member of the Oversight Committee, sent a letter to the CEO of the Banco del Pacifico, Andres Baquerizo, with copy to the Superintendent of Banks, Pedro Solines, asking for information within 48 hours to stat an investigation on who are the owners of two Ecuadorian accounts whose transfers to the PNB are amounted to an average of $ 45 million per month.
According to the Assemblyman, not only failing to control money laundering, but these suspicious and constant millionaire transfer, are the reason why the PNB was punished with a $ 7 million fine.
On his behalf, Jimenez asked the Superintendent to request the Banco del Pacifico to provide the record of the 421 transfers on $ 577 million to the PNB, which were observed by the OCC, and to investigate Cassia Delgado (relative and private secretary of President Rafael Correa Delgado) for allegedly possessing accounts on such financial institution.
According to a report issued by the National Finance Corporation (CFN for its Spanish acronym), current owner of Banco del Pacifico, the OCC will cease to authorize the opening of accounts made by Ecuadorians because it is considered as a high risk.