Prevention of money laundering

We have a team specialized in advising on the prevention of money laundering and with the experience to advise you on the following services:

  • Implementation of money laundering prevention and criminal compliance systems.
  • Audit of compliance with the procedures for the Prevention of Money Laundering.
  • Implementation of money laundering prevention systems. Design of manuals and procedures.
  • Preparation of External Expert’s Reports
  • Preparation of risk reports.
  • Training in the prevention of money laundering and terrorist financing.
  • Development of an ad-hoc awareness plan.
  • Advice on the creation of the “internal control body” and the “technical unit”.
  • Individuals or legal entities engaged in the activities provided for in Article 2.1 of Law 10/2010, on the Prevention of Money Laundering and Terrorist Financing. Some of these subjects are investment services companies (ESIs), SGIICs, law firms, payment and electronic money institutions, real estate developers, art galleries, antique dealers, auction houses and jewelry stores, as well as foundations and associations.
  • Non-resident persons or entities that carry out in Spain activities of the same nature as those of the persons or entities mentioned in the aforementioned articles.
  • These subjects will also be obliged, with respect to transactions carried out through agents or other persons acting as mediators or intermediaries for them.
  • Reputation enhancement.
  • Avoid criminal convictions and administrative sanctions.
  • Contributes to the proper functioning of the market.
  • Avoid fraud.
  • Ensures regulatory compliance within the organization.
  • Seal of quality and trust for suppliers and customers.
  • Raises the company’s ethical standards.

Failure to comply with the measures set forth in the Law shall constitute an infringement committed by the obligated parties, which may be classified as very serious, serious or minor.

The penalties provided for are as follows:

  • Fines.
  • Public reprimand.
  • Private reprimand.
  • Suspension or revocation of the administrative authorization to operate.
  • Removal from office or disqualification.

Money laundering and financing of terrorism are included as separate offenses in the Penal Code and may also result in criminal liability of the legal entity with penalties such as fines, dissolution or suspension of activities.

Prevención del blanqueo de capitales

Why choose us?

  • Multidisciplinary service.
  • Highly specialized team.
  • Local knowledge and global capability.
  • Commitment to transparency, integrity and honesty.
  • Personalized and close service.
  • Focused on their objectives.
  • Enrolled in the PCAOB.
  • Members of the Forum of Firms.

Contact with us