Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: June 21, 2001

For immediate release

The Federal Reserve Board today announced the issuance of an Order of Prohibition against Nelly Kann de Gouverneur, a former employee and institution-affiliated party of Banco Mercantil, C.A., S.A.C.A., New York Agency, New York, New York.

Ms. Kann, without admitting to any allegations, consented to the issuance of the Order based on her alleged violations of law and unsafe and unsound practices in connection with the structuring of deposits of cash and monetary instruments by private banking customers of Mercantil resulting in violations of the Currency and Foreign Transactions Report Act (31 U.S.C. § 5311 et seq.)

A copy of the Order is attached.

Attachment (130 KB PDF)

2001 Enforcement actions

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Last update: June 21, 2001