Santander Settles French Laundering Case for €22.5 Million

Banco Santander SA agreed to pay €22.5 million ($26.2 million) to settle a case opened in 2013 into operations at its Paris branches that included allegations of money laundering, French prosecutors said.

The settlement, which was approved by a judge on Friday, doesn’t include any admission of guilt, Paris prosecutor Laure Beccuau said in a statement.