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Honduran bank slated for liquidation remains closed

Clients with accounts in the Banco Continental bank hold up signs saying "We want our money" as they protest outside of a bank branch in Tegucigalpa, Honduras, Monday, Oct. 12, 2015. The Honduran government announced it would force the immediate liquidation of the Banco Continental after the owners, the Rosenthal family, was accused by U.S. prosecutors of money laundering. One of Honduras' most powerful businessmen, Jaime Rosenthal, said Sunday that his family will honor all of its financial commitments, especially those of their Banco Continental. (AP Photo/Fernando Antonio)
Clients with accounts in the Banco Continental bank hold up signs saying "We want our money" as they protest outside of a bank branch in Tegucigalpa, Honduras, Monday, Oct. 12, 2015. The Honduran government announced it would force the immediate liquidation of the Banco Continental after the owners, the Rosenthal family, was accused by U.S. prosecutors of money laundering. One of Honduras' most powerful businessmen, Jaime Rosenthal, said Sunday that his family will honor all of its financial commitments, especially those of their Banco Continental. (AP Photo/Fernando Antonio) Clients with accounts in the Banco Continental bank hold up signs saying "We want our money" as they protest outside of a bank branch in Tegucigalpa, Honduras, Monday, Oct. 12, 2015. The Honduran government announced it would force the immediate liquidation of the Banco Continental after the owners, the Rosenthal family, was accused by U.S. prosecutors of money laundering. One of Honduras' most powerful businessmen, Jaime Rosenthal, said Sunday that his family will honor all of its financial commitments, especially those of their Banco Continental. (AP Photo/Fernando Antonio)

By Associated Press 1 min read

TEGUCIGALPA, Honduras (AP) – Government officials in Honduras say a bank caught up in a United States money laundering investigation will remain closed until Wednesday and will eventually be liquidated.

The Banco Continental is Honduras’ eighth largest. Its owner, Jaime Rosenthal, was charged along with a son, a nephew and company lawyer with money laundering in a federal court in New York. The nephew, Yankel Rosenthal, was arrested last week in Miami.

U.S. prosecutors allege the Rosenthals used their network of businesses, including the bank, to launder money for Central American drug traffickers. The family denied the allegations.

Ethel Deras, president of the National Banking and Insurance Commission, said Monday the government would oversee the return of all of the bank’s financial obligations.

Clients and employees have lined up for days to make withdrawals.