BOE-A-2026-10599 ·15 May 2026 ·Resolution Low impact
Tax

Money Exchange, SA and its directors: fines for serious breaches of fitness and internal control requirements

The Bank of Spain has published the final sanctions imposed on Money Exchange, SA and three members of its Board of Directors for serious infringements (Art. 115.5 Law 10/2014). The breaches involve failures to meet fitness and propriety requirements and registration in the Register of Senior Management (Art. 93.t), as well as deficiencies in organisational structure and internal control mechanisms (Art. 93.p). The applied fines already include a 40% reduction under the provisions of Law 39/2015.

In 3 key points

  1. Fines of EUR 180,000 and EUR 120,000 imposed on Money Exchange, SA for serious infringements under Art. 98.1.b Law 10/2014 (art. 98.1.b)
  2. Sanctions against directors ranging from EUR 15,000 to EUR 21,000 for each type of infringement under Art. 101 Law 10/2014 (art. 101)
  3. Application of a 40% reduction in fine amounts by opting for the provisions of Law 39/2015 under Art. 85 Law 39/2015 (art. 85)

Lifecycle

2026-05-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.
PDF on boe.es

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