Santander sought to delay the news of a $1.12 millionm fine in June for breaching laws on preventing money laundering and terrorism financing getting out, said a court yesterday. The bank is appealing against the fine and had argued that the process should be concluded before news of any sanction was revealed, as it could hurt its reputation. However, Spain's Supreme Court yesterday rejected Santander's request to delay publication of the fine as it was in the public interest.
Santander sought to delay the news of a $1.12m fine in June for breaching laws on preventing money laundering and terrorism financing getting out, said a court yesterday. The bank is appealing against the fine and had argued that the process should be concluded before news of any sanction was revealed, as it could hurt its reputation. However, Spain's Supreme Court yesterday rejected Santander's request to delay publication of the fine as it was in the public interest.