How the BPA Bank Scandal 2015 exposed secret abuse of power in Andorra.
How the Abuse of Power in Andorra Led to the Downfall of an International Bank
A coordinated and unlawful smear campaign by Andorran authorities resulted in the expropriation of the Private Bank of Andorra (BPA), based on misleading evidence. This unjust action led to the loss of hundreds of millions of dollars for investors.
This website highlights the abuses of power perpetrated by Andorran, Spanish, and US authorities against BPA.
Case Summary
In March 2015, the Andorran Government, backed by Spanish officials, expropriated BPA and its subsidiaries after unverified allegations from the US Treasury’s FinCEN. The BPA Bank case later revealed that these actions were politically motivated—aimed at cracking down on money laundering, suppressing Catalan influence, and shielding Andorran elites from anti-corruption scrutiny.
Despite numerous allegations and the forced closure of BPA by Andorran authorities, there have been no convictions for money laundering. FinCEN later retracted its claims, and Spanish courts exonerated both BPA and its directors. Yet, questions about accountability and ongoing Andorra Corruption remain unanswered.
BPA’s expropriation and the reckless and negligent actions of Andorran financial authorities caused millions of dollars in losses, causing financial misery for thousands of customers and investors.
