Santander Spain under investigation for HSBC money laundering
Police enter bank headquarters on order of Spanish judge de la Mata
- Money laundering investigation taking place since November 2015
- More than 6 billion euros was found in connection with the Falciani list
Spanish civil guard agents are carrying out a search in Santander Spain's central headquarters in Madrid, according to Spanish newspaper El Mundo.
The bank are being investigated with regards to the HSBC money laundering involvement surrounding the Falciani list.
The bank are being investigated with regards to the HSBC money laundering involvement surrounding the Falciani list
The investigation is being managed by judge José de la Mata and the Fiscalia anti-corruption unit. The unit has issued a summons to the bank in order to gather documents relating to "certain current accounts". Because the bank did not deal with the summons, a signed document from the magistrate facilitated the search.
Santander Spain have refused to comment on the issue when contacted by Bolsamanía.
In November 2015 the unit started to investigate the operations of HSBC in Spain after the publication of the list which contained the names of 600 Spanish account holders with an estimated value of 6 billion euros in the Swiss bank.
The judge wants to determine if the bank presided over by Ana Patricia Botín collaborated in the management of the illicit funds in connection with their clients, or if they had knowledge of any wrongdoing.
