November 25 2019
Private banks Edmond de Rothschild has been fined 3.32 million euros by the Ministry of Economy and Business for serious violations against the prevention of money laundering and terrorist financing, according to the BOE of November 22 . Specifically, Economía imposed a penalty of 660,001 “and public reprimand,” for “breach of the obligation of special examination” and “breach of the obligation of communication by indication.” In other words, Rothschield did not inform the authorities when he should have done so. And be careful, because for much less Banco Madrid fell.
