Santander hit by 108m fine for serious’ money laundering faults
Evening Standard|December 09, 2022
SANTANDER was today whacked with a £108 million fine for what the City watchdog called "serious and persistent" money-laundering failures.
BANKING Simon English
Santander hit by 108m fine for serious’ money laundering faults

While that is not the biggest fine for money-laundering dished out in recent years, it is a serious embarrassment to a bank trying to present an image as a wholesome, friendly High Street bank.

It has been using TV celebrities Ant McPartlin and Declan Donnelly, below, in a "Bank of Antanddec" campaign that it has claimed gave it high scores for "brand love".

The Financial Conduct Authority says that between December 2012 and October 2017 Santander failed to manage its own systems, affecting 560,000 business customers.

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