Colombia’s banking watchdog fined one of the banks of Colombia’s richest man for the 12th time for evading money laundering prevention regulations, according to local media. The Superintendent for Finance’s imposed the $137,000 fine on the Banco de Occidente, one of the banks of Luis Carlos Sarmiento’s banking conglomerate Grupo Aval. According to news website … Continue reading ‘Colombia’s largest banking corporation evaded money laundering regulations’