Governor of the Banco de España Pablo Hernández de Cos testified before the Parliamentary Audit Committee on Democratic Quality, the Fight against Corruption, and Institutional and Legal Reforms on the need for impartiality and autonomy of independent economic authorities.
Police in Spain have arrested 10 people as part of an operation targeting a marijuana-linked network of money launderers. Authorities also seized 21 properties, over €81,000 in cash, four cars, 17 bank accounts and 1,980 marijuana plants.
Saudi lender settles U.S. sanctions violations, FinCEN flags scams against COVID-19 vaccines, and more, in the weekly roundup.
Prevezon Holdings suspected of handling larger volume of illicit funds, Crown Resorts loses license, and more, in the midweek roundup.
The Supreme Court of Spain imposed a fine of 1 million on Banco Santander for anti-money laundering deficiencies that occurred at Banco Espanol de Credito (Banesto), S.A. between 2007 and 2011. Santander is the universal successor for Banesto.
The government of Spain imposed two monetary penalties against the Lisbon, Portugal financial institution that total approximately 1.1 million Euros. The penalties, 150,000 Euros and 960,000 Euros, are due to breaches of Law 10/2010 on the Prevention of Money Laundering and Financing of Terrorism.
|Compliant : 28||High : 1|
|Largely Compliant : 10||Substantial : 9|
|Partially Compliant : 2||Moderate : 1|
|Non-Compliant : 0||Low : 0|
|Rank : 129/141|
|Score : 3.66/10|
|Rank : 30/180|
|Score : 62/100|
|Rank : 66/133|
|Score : 44/100|