Standard & Poor’s agency raised its forecast of Andorra’s rating from “negative” to “stable” – now Andorra has a rating BBB- / A-3. This data is contained in the official agency report which states, however, that “the process of settlement of the conflict with the Banca Privada d’Andorra (BPA) by the authorities of Andorra has …More
Fitch Ratings has affirmed Andorra’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’, the Outlook is Stable. Fitch has also affirmed the Short-term foreign currency IDR at ‘F2’ and Country Ceiling at ‘A-‘.
According to Fitch statement Andorra’s ‘BBB’ IDR reflects the following key rating drivers:
Andorra is a small wealthy and politically stable economy. Its ratings …More
According to the PricewaterhouseCoopers (PwC) report, 923 accounts of Banca Privada d’Andorra (BPA) can be associated with money laundering.
The company was asked to make an audit of the Bank by the Government of Andorra in the spring of last year, when BPA was included in the “black” list of the U.S. Treasury in connection with …More
National Institute of Finance of Andorra (Andorra Institut National de Finances, INAF) in its statement explained the procedure of the measures of the government of Andorra aimed at combating financial crimes of one of the largest banks in Andorra BPA (Banca Privada D’Andorra).
On March 10, 2015, U.S. Treasury Department accused BPA in laundering billions of Russian and …More
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a statement issued Friday in the tiny European principality of Andorra it had lifted money laundering accusations against an Andorran private bank.
FinCEN said last year that Banca Privada d’Andorra (BPA), the fourth largest bank in the principality nestling in the Pyrenees between France and …More
The national institute of finance of Andorra (INAF) appointed two external managing directors in one of five banks of Andorra – Banca Privada d’Andorra (BPA) for carrying out internal investigation in response to official charge from the U.S. Treasury Department of money laundering received by BPA from russian criminal groups. As they say in the …More