NYSE:FBPBanks
Does Epstein-Linked Compliance Lawsuit Reshape The Risk Narrative For First BanCorp (FBP)?
In June 2026, First BanCorp, the parent of FirstBank Puerto Rico, disclosed that it is facing a lawsuit in the U.S. Southern District of New York over banking services previously provided to Jeffrey Epstein after a U.S. Virgin Islands bank acquisition, which it firmly denies and plans to contest.
The case puts a spotlight on First BanCorp’s compliance, governance, and ethical frameworks, testing how its Bank Secrecy Act and Anti-Money Laundering controls are perceived by regulators and...