Spain’s CaixaBank fined €30m over AML failings for a real estate deal back in 2016
SPAIN’s CaixaBank has received with one of the country’s biggest AML fines over a real estate deal dating back a decade. CaixaBank was handed several fines totalling more than €30 million – one of the highest amounts ever imposed by supervisor Sepblac, according to amlintelligence.com.
The penalties are linked to a real estate deal done by Bankia, a lender acquired by CaixaBank in 2021. They center on Bankia’s sale of the Torre Foster, a Madrid skyscraper. Bankia sold the building to Inditex founder Amancio Ortega for around €500 million in 2016. Spanish authorities are now investigating the deal.
The BOE notice is available [HERE]. It said that officials imposed the €17.6 million penalty for “violation of the regulations on the prevention of money laundering and the financing of terrorism”. The notice said the company failed to report that an employee “had internally disclosed” of suspicions of money laundering activity. It called the breach a “very serious infringement” of AML rules.
Dariusz Mazurkiewicz – CEO at BLIK Polish Payment Standard
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
