Cierco v. Lew

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA RAMON CIERCO, et al., Plaintiffs, v. Civil Action No. 15-1641 (JEB) JACOB J. LEW, et al., Defendants. AMENDED MEMORANDUM OPINION Plaintiffs Ramon and Higini Cierco, along with two associated corporations, are the majority shareholders of a privately held Andorran Bank, Banca Privada d’Andorra S.A. (BPA), which has recently found itself in a bit of a pickle. An arm of the U.S. Treasury Department, the Financial Crimes Enforcement Network (FinCEN), developed concerns that BPA was facilitating – or was willfully blind to – various…