Federal Reserve issues enforcement order against former Banco Popular executive

The Federal Reserve issued a consent prohibition order against a former Banco Popular de Puerto Rico employee over the misappropriation of customer funds.

Oleh Sama News Agency
1 September 2026
A white Federal Reserve Police SUV parked on a brick plaza in front of a large gray building.
Ilustrasi. The Federal Reserve Police vehicle represents the enforcement authority of the Federal Reserve System. (Foto: Daniel Schwen / Wikimedia Commons (CC BY-SA 4.0))
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The Federal Reserve Board announced an enforcement action on Thursday against Gadiel Rosario-Alvarado, a former employee of Banco Popular de Puerto Rico in San Juan. The action took the form of a consent prohibition order stemming from the misappropriation of customer funds.

The prohibition order prevents Rosario-Alvarado from further participation in the banking industry. Additional enforcement actions by the Federal Reserve can be searched on the board's website.

Federal Reserve issues enforcement order against former Banco Popular executive | Sama News Agency