The money laundering prevention system fines BBVA with 4.8 million euros

Público

Lean Left

Factuality

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The bank has appealed to the courts the sanction imposed by Sepblac because of the supervision of its subsidiaries.

El Pais

Lean Left

Factuality

Ownership

The Executive Service of the Commission for the Prevention of Money Laundering (Sepblac) gives the BBVA another blow to the ears. According to the bank in its annual report, the monitoring system fines the entity with 4.8 million euros for the procedures used to supervise branches of the group, which adds to another millionaire fine received in previous exercises. The BBVA has appealed this latest fine in court. Continue reading.