Bancr?dito processed hundreds of millions of dollars in suspicious transactions

The content originally appeared on: El Nuevo Día

For almost seven years, Julio M. Herrera Velutini used his International Banking Entity IBEI) in Puerto Rico, Bancr?dito International Bank & Trust Corporation, to process hundreds of millions of dollars in transactions of his own, associates, clients, and other foreign financial institutions that, due to their suspicious nature, should have been reported to federal authorities, but never were.