A major European bank just closed the book on a decade-old compliance nightmare. Santander reached a €22.5 million settlement (roughly $26.2 million) to resolve allegations stemming from its Paris operations. The case, which authorities opened back in 2013, centered on potential money laundering activities at the bank's French branches. This resolution marks another chapter in the ongoing scrutiny traditional financial institutions face over anti-money laundering controls—a conversation that's increasingly relevant as crypto platforms navigate similar regulatory pressures.

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LeekCuttervip
· 12-06 14:28
Even these established banks can't clean up their act, and they still have the nerve to criticize us in crypto? What a joke.
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SandwichTradervip
· 12-06 09:32
Now Santander is going to get fined too. The compliance loopholes in traditional finance are even worse than in our crypto space, yet no one is criticizing them.
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fork_in_the_roadvip
· 12-05 18:54
It took ten years to get it done? The efficiency of traditional finance is really unbelievable. Luckily, we have blockchain, haha.
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WinterWarmthCatvip
· 12-05 18:45
It took ten years to get it done—this is about as efficient as traditional banks get, huh.
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ForkItAllvip
· 12-05 18:45
It took ten years to get it done? The efficiency of traditional finance is really unbelievable...
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GameFiCriticvip
· 12-05 18:42
It took traditional finance ten years to solve a single compliance issue, and they still had to pay €22.5 million... Meanwhile, crypto gets used directly as a negative example—how ironic.
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NullWhisperervip
· 12-05 18:25
a decade to settle? lol, that's either impressive incompetence or calculated delay tactics. either way, €22.5m is basically a parking ticket for santander at this point. the real question: what audit failures let this slide for ten years in the first place? 🤔
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