In the last decade, Puerto Rico’s banking institutions have become more proactive when it comes to detecting and reporting suspicious possible money laundering activity to local and federal authorities.
Agriculture Secretary Javier Rivera-Aquino has set off an agressive strategic plan to convince private banks, which for years have shied away from the volatile sector, to invest in farming activity and new projects.
First BanCorp President Aurelio Alemán echoed Thursday what many other banking executives have been saying in recent months: the sector is slowly starting to pick up the pieces after the storm, but much work remains ...