The government of Andorra and its banking authorities said they had no immediate comment on a planned lawsuit by the Cierco family against Andorra to be compensated for the loss of its banking assets after the bank which they own was identified as a likely hub for the laundering of hundreds of millions of dollars on behalf of criminal gangs. The pending lawsuit would seek damages from Andorra for the ‘indiscriminate and unilateral expropriation’ of the bank. The authorities in Andorra intervened after criminal investigators from the US treasury department released a report that singled out the bank as an ‘institution of primary money laundering concern’ for worldwide criminals. The government has imposed limits on money withdrawals in order to avoid the collapse of a banking sector that is a cornerstone of Andorra’s economy.