Asesores Legales

WHISTLEBLOWING CHANNEL (WHISTLEBLOWING REGULATION) Entry into force of Law 2/2023, of February 20, regulating the protection of individuals who report legal violations and the fight against corruption. On February 20, Law 2/2023, of February 20, regulating the protection of individuals who report legal violations and the fight against corruption, was approved. This Law, which came into force on March 13, transposes the so-called "Whistleblowing Directive," Directive (EU) 2019/1937, of the European Parliament and of the Council, of October 23, 2019, which aims to protect individuals who report violations of Union law and establishes easily accessible channels of [...]

CENTRAL REGISTER OF BENEFICIAL OWNERSHIP The Real Decreto 609/2023, of July 11, which creates the Central Register of Beneficial Ownership and approves its Regulations, was published in the Official State Gazette on July 12. This Royal Decree completes the incorporation into Spanish law of Directive (EU) 2018/843 of the European Parliament and of the Council of May 30, 2018, amending Directive (EU) 2015/849 on the prevention of the use of the financial system for money laundering or terrorist financing. This regulation, which will mostly come into effect on September 19, 2023, develops the provisions of the third [...]

Update on the EU High-Risk Countries List: Nigeria and South Africa Newly Included, Morocco and Cambodia Removed. The update made by the European Commission regarding its list of countries with "strategic deficiencies" in the fight against money laundering and terrorist financing has a significant impact on the importance of obligated entities for compliance with European legislation. Here are the key points summarized: Actualización legislativa Impact on Obligated Entities: Obligated entities, such as companies and financial institutions, must pay special attention to this update. The inclusion of Nigeria and South Africa on the list of [...]

The Importance of Complying with Legal Obligations in Spain in the Context of Cryptocurrencies The adoption and use of cryptocurrencies, particularly Bitcoin, in Spain and worldwide has experienced exponential growth in recent years. As more companies and users get involved in the cryptocurrency space, the Bank of Spain (BDE) has taken steps to regulate and supervise these activities. In this context, there has been a significant increase in the number of cryptocurrency-related companies seeking registration and approval from the BDE to operate legally in the country. Sustained Growth in Registered Cryptocurrency Companies According to [...]