2024-02-05 18:15:03
Santander Bank affirms that it has complied with United States regulations on sanctions imposed on third parties, in reference to the publication by the British newspaper ‘Financial Times’ indicating that Iran had used British accounts of Santander UK and Lloyds to avoid international sanctions.
According to the ‘Financial Times’, the company Pisco UK used a commercial account, now deleted, in Santander UK, but behind this firm was actually Petrochemical Commercial Company, a company owned by Iran.
«Santander Bank has not breached US regulations on sanctions imposed on third parties in accordance with our investigation,” stressed a spokesperson for the financial entity chaired by Ana Botín.
In addition, Santander Bank has stressed that «The bank has policies and procedures to ensure that the requirements related to sanctions are met. “Santander will continue to proactively collaborate with the relevant British and US authorities.”
Banco Santander’s stock fell by 5.98% this Monday, although it has subsequently partially recovered, standing at 3.718 euros per share at the close of the day.
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