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prima:OCIF orders the liquidation of another international bank in Puerto Rico

The regulator concluded that Banex International Bank lacks the capital and liquidity it needs, while investigating the disappearance of more than $24 million and possible ties to money laundering

September 23, 2026 - 1:19 PM

OCIF Commissioner Mónica Rodríguez Villa issued three summary orders related to the operations of the international bank. (Ramon "Tonito" Zayas)

The Office of the Commissioner of Financial Institutions (OCIF) on Tuesday ordered the liquidation of Banex International Bank, Inc., an International Financial Entity (EFI) operating on the island, after finding that the bank was insolvent and had serious financial, operational, accounting and control deficiencies.

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