Team

Legal briefing

Transposition of European Union Directives on the prevention of money laundering and terrorist financing

10/05/2021

This Legal Briefing analyses the main aspects relating to the prevention of the use of the financial system for money laundering or terrorist financing included in Royal Decree-law 7/2021.

The Council of Ministers has approved Royal Decree-law 7/2021 of 27 April 2021, transposing, among other European directives, Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018, amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU. RDL 7/2021 entered into force on 29 April 2021, with the exception of certain provisions that do not affect the regulation of AML.

The entire content of the Legal Briefing can be found in the PDF.