Ramon Cierco

Quick summary on Ramon Cierco

Ramon Cierco, former owner of BPA, oversaw the bank’s rapid international expansion, acquiring Banco Madrid and other financial institutions. However, in 2015, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) labeled BPA a “primary money laundering concern,” alleging that senior executives facilitated billions in illicit transactions for organized crime networks spanning China, Venezuela, and Russia. The designation led to BPA’s seizure by Andorran authorities and its eventual closure.

Legal Battles and Failed Appeals: Cierco and his brother, Higini Cierco, fought to overturn the U.S. Treasury’s designation, arguing that BPA had proactively reported suspicious transactions. However, a U.S. court upheld FinCEN’s decision, stating that BPA’s role in money laundering posed a serious threat to the global financial system. Cierco has since pursued legal action to obtain communications between U.S. and Andorran regulators, alleging undue political pressure led to the bank’s downfall.

Connections to Eliminalia and Reputation Laundering: In an effort to erase his tainted legacy, Cierco has been linked to Eliminalia, a Spanish firm specializing in suppressing negative online content. Leaked documents from The Story Killers project revealed that Eliminalia used deceptive legal tactics, fake copyright claims, and misinformation campaigns to erase reports on clients accused of fraud, corruption, and organized crime. These tactics suggest an attempt by Cierco to whitewash his financial scandals.

Conclusion: Ramon Cierco’s downfall from a powerful banking figure to an alleged enabler of global financial crimes underscores the dangers of unchecked financial misconduct. His association with reputation laundering firms like Eliminalia raises serious ethical concerns about the use of disinformation to manipulate public perception and evade accountability.