CaixaBank Fined 30 Million Euros for AML Failures in Spain Spain's Sepblac fined CaixaBank 30 million euros for anti-money laundering (AML) failures related to the 2016 sale of Torre Foster, a Madrid skyscraper. The sale involved the transfer of the building from Bankia to a company linked to Abdulla Butti Al Qubaisi, who then sold it to Amancio Ortega's Pontegadea for 490 million euros. CaixaBa...

AML Network - The Anti Money Laundering Network

CaixaBank Fined 30 Million Euros for AML Failures in Spain Spain's Sepblac fined CaixaBank 30 million euros for anti-money laundering (AML) failures related to the 2016 sale of Torre Foster, a Madrid skyscraper. The sale involved the transfer of the building from Bankia to a company linked to Abdulla Butti Al Qubaisi, who then sold it to Amancio Ortega's Pontegadea for 490 million euros. CaixaBank inherited these AML issues after merging with Bankia in 2021. Sepblac deemed the breaches very serious, emphasizing the lack of scrutiny for high-risk profiles. CaixaBank is appealing the fines, which mark one of Sepblac's highest penalties.

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Published on Jan. 14th, 2026 Published on Jan. 14th, 2026

Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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Apr. 1st, 2026

Take a look at this recent Q&A on Risk.net featuring Nedim Baruh and Patrick Naim: "Industrialising the challenge process: AI in operational risk scenario analysis"

Structured scenarios have significantly enhanced the way scenario analysis is carried out, especially when it comes to challenging assumptions. Exchanges with validation teams are far more robust compared to earlier, less structured methods. Many thanks to Nedim Baruh and Zoi Fletcher for this insightful discussion, and to Risk.net for sharing it.