May 23, 2017 - US Court rejects Ciercos’ appeal on lawsuit dismissal

The US District Court for the District of Columbia reaffirmed its decision to dismiss the Ciercos’ lawsuit against FinCEN, following the institution’s withdrawal of its notice against BPA.

The Court rejected the appeal on the grounds that the withdrawal of the notice made BPA’s claims moot and that the window of time to have an impact on the position of Andorran authorities closed after it was announced that the Andorran government had finalised the sale of BPA’s assets.