A veteran Manhattan attorney on Thursday had his law license suspended for one year after being convicted of running an unlicensed money-transmitting business that offered “unbanked” Mexicans in the U.S. an avenue for sending money to “unbanked” Mexicans in Mexico, according to a state appeals court.

Ignacio M. Foncillas, who formerly worked at Boies Schiller Flexner and Gibson, Dunn & Crutcher, had his license suspended by the Appellate Division, First Department court, which wrote in an opinion that recited facts stipulated to between the parties—Foncillas and the First Department’s attorney grievance committee—in the matter that “between 2013 and 2014, respondent [Foncillas] used a company he owned to open bank accounts in the United States and facilitated the transmission of approximately $9 million to Mexican financial institutions of which respondent personally transmitted approximately $700,000.”