Santander Bank & Trust OFAC Settlement: $20K (2004)

Last updated: July 20, 2026

Santander Bank & Trust (Bahamas) Ltd. (formerly Santander Central Hispano Bank & Trust [Bahamas] Ltd.) settled a civil penalty of $20,000.00 for a funds transfer violation in 2001 under the Cuban Assets Control Regulations. Santander did not make a voluntary disclosure.

Penalty Amount

$20,000.00

Enforcement Date

December 3, 2004

Rank in Top Penalties

#416

Case Details

Type:: Entity
Name:: Santander Bank & Trust (Bahamas) Ltd.
Country:: 🇧🇸 Bahamas
Industry:: Banking
Address:: Nassau, Bahamas
Penalty amount:: $20,000.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settled
Violation period:: From 2001
Program:: Cuba
Enforcement date:: December 3, 2004

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

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