IN THE CLEAR.
Banorte and Banpais, both part of Grupo Financiero Banorte, were cleared of any wrongdoing by a U.S. judge in Los Angeles in connection with charges that stemmed from Operation Casablanca Casablanca (kă'səblăng`kə, kă'zə–, Span. kä'säbläng`kä), Arab. Dar-al-Baida, city (1994 est. pop. 2,940,623), W Morocco, on the Atlantic Ocean. The largest city and principal port of Morocco, it accounts for more than half of Morocco's industrial production., a U.S. sting operation that focused on money laundering activities of drug cartels in Colombia and Mexico. The judge's order followed settlement talks between U.S. prosecutors and bank officials. Charges were dropped after prosecutors discovered that the bank had closed suspect accounts.
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