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NEWS: Spain’s Banca March fined €605k for ‘serious’ AML violations, lender to appeal

FINED: File photo show the logo of Banca March on the facade of a Banca March bank branch office under construction, in Malaga, Spain, April 24, 2024.

By PAUL O’DONOGHUE, Senior Correspondent

BANCA March, one of the largest banks in Spain, has been fined €605,424 for “very serious” anti-money laundering (AML) violations.

The bank is appealing the decision, arguing that it complied with AML regulations.

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