top of page
All Articles
Santander Hit With Major French Penalty as Fourteen-Year Money Laundering Probe Concludes
Spanish banking heavyweight Santander has agreed to pay a hefty €22.5 million fine in France, drawing to a close a protracted money laundering investigation centered on its French subsidiary, BPI Paris. The settlement was reached through a judicial public interest agreement, or Convention Judiciaire d’Intérêt Public (CJIP), a mechanism that enables corporations suspected of financial crimes to resolve proceedings by paying a substantial monetary penalty. This brings an end to
8 hours ago3 min read
bottom of page