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OBLIGATED ENTITIES

They are obliged to comply with anti-money laundering and counter-terrorism financing regulations, that is, obligated entities are individuals or legal entities identified in paragraphs a) to z) of Article 2.1 of Law 10/2010, of April 28, on the prevention of money laundering and terrorism financing.

WHY TAKE UNNECESSARY RISKS?

In addition to entities within the financial sector, the regulations encompass other sectors susceptible to money laundering and terrorism financing due to their characteristics. Below are some of them:

FINANCIAL ENTITIES:

  • CREDIT ENTITIES

  • Authorized insurance companies (and brokers) in life insurance or other investment-related insurances

  • Investment service companies

  • S.G.I.I.C.

  • Pension fund management entities.

  • S.G.E.C.R. AND S.C.R.

  • Reciprocal guarantee societies

  • Electronic money institutions, payment institutions, account information service, and payment initiation service.

  • Currency exchange

Other Sectors of Activity:

  • Real estate promotion, agency, commission, or intermediation in property sales. Leasing of properties for certain monthly and annual amounts.

  • Auditors, accountants, or tax advisors.

  • Notaries, property, commercial, and movable property registrars.

  • Lawyers, solicitors, and professionals in certain operations.

  • Professionals providing services for the establishment, management of companies, etc

  • Gambling casinos.

  • Trade in jewelry, precious stones, or metals.

  • Trade in art or antiques.

  • Deposit, custody, or professional transportation of funds or means of payment.

  • Lotteries and gambling, both in-person and online.

  • Movements of means of payment.

  • Trade in goods in transactions exceeding €10,000.

  • Foundations and associations.

  • Payment and settlement system managers and managers of credit or debit cards.

  • Postal services in transfer or remittance activities.

  • Providers of virtual currency exchange services for fiat currency and custody of electronic wallets.

The specialized Outsourcing Service

Learn about the legal outsourcing service for the duties of the Internal Control Body.

You will leave the preventive system of your company in the hands of experts.

Consultancy

Provision of advisory services and resolution of inquiries with the purpose of ensuring strict compliance with all current obligations

Training

Training plans for all staff, executives, members of the Internal Control Body, Suitability of Senior Executives, Customer Service Department, Whistleblowing Channel, etc

External Expert Report

Examination of the adequacy and supervision of the operation of the company’s internal control and communication processes, in compliance with the laws

Specialized Outsourcing

The critical functions of the Prevention Technical Unit and the Internal Control Body are carried out by highly specialized professionals

Whistleblower Channel

Following the Whistleblowing Directive and its transposition, measures for protecting whistleblowers in companies must be implemented through the Whistleblower Channel

Penalties

Assistance and support from the beginning of the sanctioning procedure. Resolution of queries, design of strategies, and preparation of allegations

Our Anti-Money Laundering Prevention Training has already been received by more than 10000 Professionals Contact us and we will provide you with advice

The training courses are delivered by our lawyers and auditors who are experts in the field