Company: BPOPM
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001193125-25-043848
Chunk: 54

Company: POPULAR, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1A
Chunk 54
---
and 
residential and
construction loans
in Puerto
Rico. BPPR
has also
self-identified and
reported to
applicable regulators
compliance 
matters related to U.S. sanctions, as well as mortgage,
credit reporting and other consumer lending practices.
Incidents of this nature and investigations or examinations by governmental authorities have resulted in the past, and may 
in the
future result, in
judgments, settlements, fines,
enforcement actions, penalties
or other sanctions
adverse to the
Corporation, 
which could materially and adversely affect the Corporation’s business, financial
condition, results of operations or capital position or 
cause serious reputational harm. Any such settlements or orders
that we enter into, or that regulatory authorities impose
on us could 
require enhancements to our
procedures and controls and
entail significant operational and
compliance costs. Furthermore, issues 
or delays in satisfying the requirements of a regulatory settlement or
action on a timely basis could result in additional
penalties and 
enforcement actions, which could be significant. In connection with the resolution of regulatory proceedings, enforcement authorities 
may seek admissions of wrongdoing and, in some cases, criminal pleas, which
could lead to increased exposure to private litigation, 
loss of clients or customers, and restrictions on offering certain products or
services. In addition, responding to information-gathering 
requests,
investigations
and
other
regulatory
proceedings,
regardless
of
the
ultimate
outcome
of
the
matter,
could
be
time-
consuming, expensive and divert management attention
from our business.
Financial services
institutions such
as Popular
have been
subject to
heightened expectations
and regulatory
scrutiny in 
recent years.
Our regulators’
oversight is
not limited
to banking
and financial
services laws
but extends
to other
significant laws 
such as those related to anti
money laundering, anti-bribery and anti-corruption laws. Further,
regulators in the performance of their 
supervisory and enforcement
duties, have significant
discretion and power
to prevent or
remedy what they
deem to be
unsafe and 
unsound
practices
or
violations
of
laws
by
banks
and
bank
holding
companies.
Therefore,
the
outcome
of
any
investigative
or 
enforcement action