European and Spanish regulations aim to combat fraud and money laundering to prevent illicit money from gaining legal appearance. This has been articulated especially through the Anti-Money Laundering Prevention Plan, which contains multiple measures that companies and businesses must adopt.

Who is obliged to comply with the regulations?
- Financial obliged entities: Banks, Insurance companies, Securities agencies, Fund managers, Currency exchange and transfer managers, Credit card issuers.
- Non-financial obliged entities: Real estate agencies, Auditors, Accountants and tax advisors, Notaries and registrars, Lawyers and solicitors, Jewelers, Art dealers, Foundations and associations.
What actions should you take to comply with the regulations?
- Conduct a preliminary analysis of the situation.
- Appoint the representative person before the SEPBLAC.
- Create and establish the Internal Control Body (OCIC), if necessary.
- Develop the Procedures Manual for Anti-Money Laundering Prevention.
- Prepare the Annual Training Plan, if necessary.
- Undergo an annual audit by an external expert.
- Respond to the requests and inspections of the SEPBLAC.
- Provide permanent advice on money laundering prevention and terrorism financing.
Benefits of the Plan: Positive Impact
- Avoid criminal convictions and administrative penalties.
- Improve the company’s image and reputation.
- Strengthen the ethical image.
- Increase the trust of suppliers and customers, and allows contracting with multinational companies and the government.
- Ensure regulatory compliance.