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

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.

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