Spain; Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report examines the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Spain. The findings reveal that the Spanish legal framework for combating money laundering and terrorist financing is generally comprehensive. Money laundering offences are broad in scope and easy to apply, according to Spanish prosecutors. Terrorist financing offences are broadly satisfactory, although they do not appear to cover acts of an individual terrorist and collection of funds under certain circumstances.

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Year of publication:	2007-02-16
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Financial institutions \| Reports on the Observance of Standards and Codes \| money laundering \| terrorist financing \| terrorist \| law enforcement \| terrorist acts \| beneficial ownership \| legal assistance \| due diligence \| competent authorities \| terrorism \| predicate offence \| financing of terrorism \| shell banks \| foreign branches \| terrorist organisations \| legal arrangements \| customer identification \| terrorist act \| suspicious transaction \| internal procedures \| foreign counterparts \| penal code \| suspicious transaction reporting \| foreign authorities \| internal controls \| financial transactions \| law enforcement authorities \| secure techniques \| enforcement authorities \| criminal offence \| beneficial owners \| criminal proceeds \| transaction reporting \| monetary instruments \| terrorist activities \| terrorist assets \| administrative sanctions \| reporting obligations \| internet casinos \| wire transfer \| money laundering offence \| due diligence requirements \| face to face business \| dual criminality \| secrecy laws \| negotiable instruments \| account files \| identification data \| terrorist financing investigations \| banking relationships \| supervisory regime \| financial intelligence unit \| control information \| assessment methodology \| national securities \| money remitters \| share information \| financial supervision \| adequate compliance \| transaction reports \| investigative techniques \| money laundering investigations \| restrictive conditions \| suspicious transaction reports \| combating money \| legal entities \| information exchange \| exchange information \| criminal sanctions \| unusual transactions \| criminal acts \| mutual evaluation \| judicial proceedings \| professional privilege \| investigative powers \| predicate offences \| international standards \| laundering money \| customer identification data \| domestic terrorism \| extradition requests \| value transfer \| precious metals \| economic crimes \| combating money laundering \| terrorist group \| unlawful origin \| alternative remittance \| regulatory measures

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/70 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011245816