Guidelines to applying simplified Due Diligence measures

Customer due diligence in the area of the prevention of money laundering and terrorist financing (AML/CFT) constitutes an essential pillar of the preventive system, as it enables obliged entities to adequately know their customers, understand the nature and purpose of business relationships, and detect unusual or suspicious transactions.

Both the FATF standards and the Spanish and European regulatory frameworks recognize that these obligations must be applied in accordance with a risk‑based approach, adjusting the scope, intensity and frequency of the measures depending on the risk identified.

The new international standards as well as the recent European regulatory developments have prompted the preparation of this guide, which pursues a dual objective. On the one hand, it seeks to promote a homogeneous and prudent application of simplified customer due diligence measures by providing practical criteria and guidance. On the other hand, it aims to contribute to a smooth transition towards the new European AML/CFT regulatory framework, which will be directly applicable from July 2027.