Financial Services Financial Services

Santander fined GBP107 million over ‘repeated’ money laundering failings

By Martin Coyle
  • 09 Dec 2022 11:39
  • 09 Dec 2022 11:39
Santander has been fined 107.7 million pounds ($132 million) by the UK financial regulator for serious and repeated anti-money laundering failures, which in one instance, saw millions of pounds flow through a customer account expected to receive just thousands.
The Financial Conduct Authority said that over a nearly five-year period up

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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