Featured Spain

Maduro Regime Is Moving Money Through Spain’s Central Bank

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

Two conservative ex-leaders in Madrid charged in graft case

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

Spain’s second-largest bank BBVA charged with corruption

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
21st May 2019
AP — Spanish police say they have arrested four people as part of a judicial probe into a money laundering racket allegedly involving funds coming from Venezuela’s state-run oil company PDVSA. Police have confirmed Spanish media reports to The Associated Press that the four detainees are also facing charges of… Read More
13th May 2019
Spanish police have arrested former Venezuelan minister Javier Alvarado Ochoa on a U.S. warrant as part of an investigation into money-laundering involving the Latin American nation’s state oil company PDVSA, court officials said. Alvarado Ochoa served as minister for electric power development under Venezuelan President Nicolas Maduro’s late predecessor, Hugo… Read More
25th April 2019
AP — Former Barcelona president Sandro Rosell has been acquitted of money laundering charges after spending nearly two years in prison. Court officials in Madrid said Wednesday there was not enough evidence for a guilty verdict on charges related to the sale of television rights for matches involving the Brazilian… Read More
15th April 2019
Spanish police on Friday arrested Hugo Carvajal, a former head of Venezuelan military intelligence, who Washington believes has a “treasure trove” of details he is willing to share about Venezuelan President Nicolas Maduro. Carvajal, a former general and close ally of the late Venezuelan leader Hugo Chavez, was arrested on… Read More