Compliance12 minEquipo Lexiel
Anti-Money Laundering in Spain: Law 10/2010 for Lawyers and Businesses
Obligations under Law 10/2010 on money laundering prevention: obligated subjects (including lawyers), due diligence, beneficial owner identification, SEPBLAC reporting and penalties.
money launderingLaw 10/2010SEPBLACdue diligencebeneficial ownerAMLobligated subjectslawyers
Anti-Money Laundering Law 10/2010
Spain's AML framework requires financial institutions, lawyers, notaries, auditors, tax advisors, and real estate agents to implement due diligence, SEPBLAC reporting, 10-year document retention, and internal controls. Penalties up to 10% of annual turnover for very serious violations.
Lexiel's compliance module includes the AML standard with 9 requirements based on Law 10/2010.
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