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Money laundering: fine of 108 million pounds in Santander in the United Kingdom for deficient controls

2022-12-09T07:51:19.051Z

The British branch of Spanish banking giant Santander has been fined 107.8 million pounds (125 million euros) in the United Kingdom for...



The British branch of Spanish banking giant Santander has been fined 107.8 million pounds (125 million euros) in the UK for "

serious and persistent shortcomings in its anti-money laundering controls

", the financial regulator (FCA) announced on Friday.

Read alsoThe United States indicts a “Russian agent” for fraud and money laundering

"

Santander's mismanagement of its anti-money laundering systems and inadequate attempts to resolve issues have created a prolonged and severe risk of money laundering and financial crime,

" said Mark Steward, an official FCA, in a statement.

Source: lefigaro

All business articles on 2022-12-09

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