GIBRALTAR
Spanish tax authorities have fined Jyske Bank Gibraltar for refusing to cooperate in a money-laundering investigation, according to an official notice in the Boletín Oficial del Estado (BOE). The process began in April last year, when the bank appealed against the decision in Spain's Supreme Court and which has now resulted in the imposition of two fines that amount to over €1.7 million in fines. The BOE defines the sanctions as 'refusal or resistance to provide specific information requested in writing' and 'failure to comply with the obligation to report specific operations'.
Spanish tax authorities have fined Jyske Bank Gibraltar for refusing to cooperate in a money-laundering investigation, according to an official notice in the Boletín Oficial del Estado (BOE). The process began in April last year, when the bank appealed against the decision in Spain's Supreme Court and which has now resulted in the imposition of two fines that amount to over €1.7 million in fines. The BOE defines the sanctions as 'refusal or resistance to provide specific information requested in writing' and 'failure to comply with the obligation to report specific operations'.
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