National Risk Assessment on Money Laundering and Terrorist Financing

Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Fourth Directive) requires Member States to draw up a national risk assessment report on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), in accordance with specific requirements. In Spain, this assessment is known as the National Risk Assessment

All authorities with responsibilities in the fight against Money Laundering and Terrorist Financing have participated in the preparation of the National Risk Analysis, in line with the conclusions of the National Security Strategy and taking into account the conclusions of the European Union’s Supranational Risk Assessment on Money Laundering and Terrorist Financing in its 2017 and 2019 versions.

The Spanish National Risk Assessment is confidential in nature, and its main objective is to improve the national system for combating Money Laundering and Terrorist Financing and the exercise of the powers conferred on the various public authorities.

However, in accordance with the provisions of the Fourth Directive, a public summary setting out the main conclusions of the National Risk Assessment is available via the following link, with the aim of providing information on:

  • The national framework for combating and preventing Money Laundering and the Financing of Terrorism in Spain (AML/CFT) and its scope of action within the European and international context.
  • The main threats facing Spain in relation to Money Laundering and Terrorist Financing.
  • The vulnerabilities identified in the national system.
  • The inherent and residual risks present in each sector and type of activity.
     

OTHER LINKS:

European Union’s Supranational Risk Assessment on Money Laundering and Terrorist Financing:

European Union’s Supranational Risk Assessment on Money Laundering and Terrorist Financing 2019

European Union’s Supranational Risk Assessment on Money Laundering and Terrorist Financing 2022:

National assessments of other countries and jurisdictions: