Money laundering and the financing of terrorism is one of the risks faced by the financial system in general. To minimise the risk of an organisation being used for money laundering or financing of terrorism activities adequate internal control bodies, internal procedures and regulations are necessary.
In Spain the basic legislation in this area is Law 10/2010 (28 April), on the prevention of money laundering and financing of terrorism, and Royal Decree 304/2014, which approves the enabling regulations for Law 10/2010 (28 April) on the prevention of money laundering and the financing of terrorism. Audilex can assist clients with compliance with the obligations imposed by current legislation through the services described below:
- Preparation of a Money Laundering Prevention Manual.
- Preparation of an external report from an independent expert.
- Performance of training action regarding the Prevention of Money Laundering.