Spain’s measures to combat money laundering and terrorist financing

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English

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Mutual Evaluation Report Spain - 2014

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Mutual-Evaluation-Report-Spain-2014.pdf
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Spain’s measures to combat money laundering and terrorist financing

FATF has completed its assessment of Spain’s anti-money laundering and counter-terrorist financing (AML/CFT) system. 

Spain has a strong system to combat money laundering and terrorist financing, with up-to-date laws and regulations and sound institutions for combating these threats.  Certain key areas need improvements, such as the implementation of targeted financial sanctions to allow the freezing of terrorism-related assets and the terms of imprisonment for money laundering convictions, which are currently too low.    

The assessment of Spain is the first assessment to be completed using the 2012 FATF Recommendations, and the first country to undergo a comprehensive review of the effectiveness of its measures to combat money laundering and terrorist financing. 

The mutual evaluation report of Spain sets out how well Spain has implemented the  technical requirements of the FATF Recommendations and how effective its AML/CFT system is.  The report presents the key findings of the assessment team and the priority actions for Spain to improve its AML/CFT system.

Download the report: 

Mutual Evaluation Report Spain - 2014including executive summary and ratings tables  
Executive Summary - Mutual Evaluation Report Spain - 2014

Effectiveness and technical compliance: 
National AML/CFT Policies and coordination - Mutual Evaluation Report Spain - 2014
Legal systems and operational issues - Mutual Evaluation Report Spain - 2014
Terrorist financing and financing of proliferation - Mutual Evaluation Report Spain - 2014
Preventive measures - Mutual Evaluation Report Spain - 2014
Supervision - Mutual Evaluation Report Spain - 2014
Legal persons and arrangements - Mutual Evaluation Report Spain - 2014
International cooperation - Mutual Evaluation Report Spain - 2014

Key findings, ratings and priority actions:

More information: 

Spain has strong measures to combat money laundering and terrorist financing but improvements needed, says FATFSpain has strong measures to combat money laundering and terrorist financing but improvements needed, says FATF

 

The FATF Recommendations

FATF issues new Mechanism to Strengthen Money Laundering and Terrorist Financing Compliance

 on Spain's measures to combat money laundering and terrorist financing