CaixaBank Fined by Money Laundering Watchdog on Skyscraper Sale

Spain’s money laundering watchdog slapped CaixaBank SA with one of the biggest fines in the country’s history over a legacy real estate deal dating back about a decade, according to people familiar with the matter.

CaixaBank was handed several fines totaling more than €30 million ($35 million) combined, according to the people. That’s one of the highest amounts ever imposed by the agency known as Sepblac.

A CaixaBank spokesperson said the bank has appealed the fines and declined to comment any further. A representative for the Economy Ministry, which oversees Sepblac, declined to comment.

The penalties are all linked to ...