Banco Continental | |
Native Name Lang: | Banco Continental |
Founder: | Jaime Rosenthal |
Defunct: | October 12, 2015 |
Hq Location Country: | Honduras |
Area Served: | Honduras |
Key People: | Jaime Rosenthal |
Products: | Banking |
Services: | Banking |
Owner: | Grupo Continental |
Website: | http://www2.bancon.hn/ |
Banco Continental was a bank in Honduras founded by Jaime Rosenthal on March 20, 1974, and aimed at commercial and agro-industrial banking,[1] including coffee producers.[2] On October 7. 2015, the United States Department of Justice released a statement saying that Rosenthal, his son Yani Rosenthal and nephew Yankel Rosenthal, as well as seven businesses, were labeled "specially designated narcotics traffickers" under the Foreign Narcotics Kingpin Designation Act. This was the first time the designation had been applied against a bank outside the United States.[3] As a result, the official ComisiĆ³n Nacional de Banca y Seguros (CNBS) forcibly liquidated the bank, which remained closed as of Monday, October 12, 2015.[4] [5]