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Evening Standard
Evening Standard
Business
Simon English

MYSTERIOUS: Santander hit with fine over serious and persistent money laundering failures - You Need To See This

Santander FCA HSBC

Santander UK has been fined £107.8 million over “serious and persistent gaps” in its anti-money laundering controls, the financial watchdog has announced (PA)

(Picture: PA Archive)

SANTANDER was today whacked with a £108 million fine for what the Citywatchdog called “serious and persistent” money laundering failures.

While that is not the biggest fine for money-laundering dished out in recent years, it is a serious embarrassment to a bank trying to present an image as a wholesome, friendly high street bank.

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