Financial Crime Financial Crime

Ecuadoran insurance official sentenced to 51 months in US for laundering bribes from UK firms

By Robert Thomason
  • 23 Mar 2021 14:07
  • 23 Mar 2021 14:07
The former chair of Ecuador's national insurance company was sentenced by a US court to 51 months for laundering bribe money from UK reinsurance companies.

Juan Ribas Domenech, who was chairman of Ecuador state-owned insurance and surety company Seguros Sucre, in September pleaded guilty to money laundering conspiracy.

Ribas was charged in the Southern

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