Featured Spain

EU heavyweight states push for joint supervisor against money laundering

The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks. In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia… Read More

UK Seizes US$10 Million-Worth of Properties From One Family

Four members of a family have turned over more than a dozen properties across the United Kingdom and Spain worth US$10.3 million after British authorities accused them of buying them with dirty money. The National Crime Agency says Shane Davies, 47, his wife Rhianna, 34, mother Sheila, 66, and… Read More

U.S. Considers Targeting Spain in Latest Push Against Maduro Regime

Officials in the Trump administration are pushing for financial sanctions against Spain for what they say is its financial support of Nicolas Maduro’s regime in Venezuela, according to people familiar with the matter. The U.S. Treasury Department is considering sanctions against Spain’s central bank and measures against other entities where… Read More
31st October 2019
Spain’s High Court on Wednesday charged Spanish building and infrastructure company FCC (FCC.MC) with corruption and money laundering in connection with 82 million euros ($91 million) in payments made in Panama. The High Court’s investigative judges said FCC paid bribes to obtain metro and hospital contracts in the… Read More
11th September 2019
As a growing number of banks around the world refuse to move money on President Nicolas Maduro’s behalf, Venezuela has found an ally in the Bank of Spain, according to two people with knowledge of the matter. Venezuela’s central bank is increasingly relying on its Spanish counterpart to transfer and… Read More
3rd September 2019
Two former leaders of Madrid’s regional government were charged on Monday with embezzlement and illegal use of funds to pay bills for their conservative People’s Party, a court document showed. Esperanza Aguirre and Cristina Cifuentes, who held the post in 2003-2012 and 2015-2018 respectively, were accused of corruption for their… Read More
30th July 2019
Spain’s National Court has charged Banco Bilbao Vizcaya Argentaria (BBVA) with “corruption and breach of confidence,” a court spokesman said on Monday. Anti-corruption prosecutors had referred the case to the high court five days earlier. BBVA is Spain’s second-largest bank, with a strong presence in Latin America and the south… Read More
25th July 2019
Spain’s anti-corruption prosecutor has asked Spain’s High Court to put the country’s second-biggest bank, BBVA, under formal investigation as part of a probe into an alleged spying case, the prosecutor’s office said in a statement on Wednesday. The move was widely expected as part of the investigation into the hiring… Read More
25th July 2019
Police in the Spanish capital, Madrid, are investigating the death on Sunday of Juan Carlos Márquez, a former executive at Venezuela’s state-run oil company PDVSA. Mr Márquez, 48, had appeared in court on Friday over his alleged involvement in a money-laundering scheme. While he denied the allegations of money-laundering,… Read More
10th July 2019
With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets. Hiring new client relationship managers and perhaps making acquisitions in a few years’ time can… Read More
4th July 2019
Norway’s Financial Supervisory Authority has ordered Spanish bank Santander (SAN.MC) to pay a fine of nine million crowns ($1 million) for violations of the country’s anti-money laundering laws, it said on Tuesday. The fine was imposed in relation to violations found at Santander Consumer Bank in Norway, the… Read More
17th June 2019
AP — Major European nations are considering imposing sanctions on Venezuela’s Nicolás Maduro and several top officials for their recent crackdown on political opponents, although divisions remain over the timing of any action for fear of derailing a negotiated exit to the country’s crisis, The Associated Press has learned. The… Read More
23rd May 2019
AP — The European Union’s police agency says an international law enforcement operation has smashed an organized crime gang that earned hundreds of millions of euros in drug and cigarette trafficking, assassinations and money laundering. Europol said Wednesday that more than 450 police and customs officers in Spain, the United… Read More