Regulatory AlertsOrder ECC/2402/2015 of 11 November creating the Centralized Anti-Money Laundering and Counter-Terrorist Financing Body of the College of Property, Commercial and Movable Property Registrars
The Spanish Ministry of Economy and Competitiveness issued Order ECC/2402/2015 to establish a centralized anti-money laundering and counter-terrorist financing body within the College of Registrars. This order mandates the automatic incorporation of all Spanish property and commercial registrars into this centralized entity to enhance specialization, ensure homogeneous compliance, and improve the quality of suspicious transaction reports. The body is tasked with conducting special operation reviews, risk analyses, internal procedure manuals, training, and supervision while maintaining strict confidentiality and managing international sanctions lists.
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