Banking Supervision

Sanctions imposed by the Banco de España

Under the provisions of Art. 115.7 of Law 10/2014 of 26 June 2014 on the regulation, supervision and solvency of credit institutions, the Banco de España shall publish on its website the sanctions and reprimands imposed in relation to serious and very serious infringements within 15 working days from the date on which such sanctions and reprimands have become final pursuant to administrative proceedings. Where appropriate, and if it is so resolved, the identity of the person subject to the sanction or reprimand may remain confidential.

In compliance with this obligation, the following table includes a reference to the aforementioned sanctions and reprimands imposed by the Banco de España since the entry into force of Law 10/2014, referring to the appeals for judicial review, if any, lodged against the sanctioning resolution, and the outcome thereof.

Decision date Information on infringements and sanctions imposed Status
29-04-15

Fine totalling €30,000 and public reprimand published in the Official State Gazette imposed on the payment institution MONEYONE EXPRESS FINANCIAL, S.A. referred to in paragraphs a) and b) of article 10 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement, consisting in non-compliance with organisational and disciplinary standards relating to the safeguarding of client funds, described in article 51.3 of Law 16/2009, of 13 November, on Payment Services.

Final decision
29-04-15

Fine totalling €50,000 and public reprimand published in the Official State Gazette imposed on the payment institution MONEYONE EXPRESS FINANCIAL, S.A. referred to in paragraphs a) and c) of article 9 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a very serious infringement consisting in maintaining shareholders' equity at a level below eighty percent of the minimum regulatory requirements during a period of more than six months,described in article 4.c) of said Law.

Final decision
29-04-15

Fine totalling €20,000 and public reprimand published in the Official State Gazette imposed on the payment institution MONEYONE EXPRESS FINANCIAL, S.A. referred to in paragraphs a) and b) of article 10 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement consisting in non-compliance with applicable regulations for operation accounting and on the drawing up of balance sheets, income statements and financial statements which have to be submitted to the competent administrative authority, described in article 5.p) of said Law.

Final decision
29-04-15

Fine totalling €15,000 imposed on the payment institution MONEYONE EXPRESS FINANCIAL, S.A. referred to in paragraph a) of article 10 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement consisting in the failure to send Banco de España data or documents that should it be sent or that it requests in the exercise of its duties, described in article 5.l) of said Law.

Final decision
29-04-15

Fine totalling €20,000 imposed on BIANCA BEATRIZ DE MOURA referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement, consisting in non-compliance with organisational and disciplinary standards relating to the safeguarding of client funds, described in article 51.3 of Law 16/2009, of 13 November, on Payment Services.

Final decision
29-04-15

Fine totalling €30,000 imposed on BIANCA BEATRIZ DE MOURA referred to in paragraph a) of article 12.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a very serious infringement consisting in maintaining shareholders' equity at a level below eighty percent of the minimum regulatory requirement during a period of more than six months,described in article 4.c) of said Law.

Final decision
29-04-15

Fine totalling €15,000 imposed on BIANCA BEATRIZ DE MOURA referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement consisting in non-compliance with applicable regulations for operation accounting and on the drawing up of balance sheets, income statements and financial statements which have to be submitted to the competent administrative authority, described in article 5.p) of said Law.

Final decision
29-04-15

Fine totalling €10,000 imposed on BIANCA BEATRIZ DE MOURA referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement consisting in the failure to send Banco de España data or documents that should it be sent or that it requests in the exercise of its duties, described in article 5.l) of said Law.

Final decision
29-04-15

Fine totalling €20,000 imposed on DELMO CARVALHO MOURA referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement, consisting in non-compliance with organisational and disciplinary standards relating to the safeguarding of client funds, described in article 51.3 of Law 16/2009, of 13 November, on Payment Services.

Final decision
29-04-15

Fine totalling €15,000 imposed on DELMO CARVALHO MOURA referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement consisting in non-compliance with applicable regulations for operation accounting and on the drawing up of balance sheets, income statements and financial statements which have to be submitted to the competent administrative authority, described in article 5.p) of said Law.

Final decision
29-04-15

Fine totalling €10,000 imposed on DELMO CARVALHO MOURA referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement consisting in the failure to send Banco de España data or documents that should it be sent or that it requests in the exercise of its duties, described in article 5.l) of said Law.

Final decision
29-04-15

Fine totalling €20,000 imposed on JOSÉ ANTONIO GOLIM referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement, consisting in non-compliance with organisational and disciplinary standards relating to the safeguarding of client funds, described in article 51.3 of Law 16/2009, of 13 November, on Payment Services.

Final decision
29-04-15

Fine totalling €30,000 imposed on DELMO CARVALHO MOURA referred to in paragraph a) of article 12.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a very serious infringement consisting in maintaining shareholders' equity at a level below eighty percent of the minimum regulatory requirement during a period of more than six months,described in article 4.c) of said Law. 

Final decision
29-04-15

Fine totalling €30,000 imposed on JOSE ANTONIO GOLIM referred to in paragraph a) of article 12.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a very serious infringement consisting in maintaining shareholders' equity at a level below eighty percent of the minimum regulatory requirement during a period of more than six months,described in article 4.c) of said Law.

Final decision
29-04-15

Fine totalling €15,000 imposed on JOSE ANTONIO GOLIM referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement consisting in non-compliance with applicable regulations for operation accounting and on the drawing up of balance sheets, income statements and financial statements which have to be submitted to the competent administrative authority, described in article 5.p) of said Law.

Final decision
29-04-15

Fine totalling €10,000 imposed on JOSE ANTONIO GOLIM referred to in paragraph c) of article 13.1 of Law 26/1988, of 29 July, on the Discipline and Intervention of Credit Institutions, for the commission of a serious infringement consisting in the failure to send Banco de España data or documents that should it be sent or that it requests in the exercise of its duties, described in article 5.l) of said Law.

Final decision