Regulatory Alerts2020-12-03
Added · Updated
Royal Decree on Statistics to be Kept Pursuant to Article 71 of the Law of 18 September 2017 on the Prevention of Money Laundering and Terrorist Financing and the Limitation of Cash Use
This Royal Decree mandates specific competent authorities, including the CTIF, Federal Police, Customs, and supervisory bodies, to maintain statistics regarding anti-money laundering and counter-terrorist financing activities for the preceding year. The required data encompasses sector size and economic importance, the volume and outcomes of suspicious transaction reports, cross-border information requests, human resources allocated to these functions, and details on supervisory findings and sanctions. The Ministers of Justice and Finance are responsible for the execution of these statistical reporting obligations.
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