Campo de Gibraltar. Public announcement
Unofficial translation provided for information purposes.
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Sepblac is the Executive Service of the Commission for the Prevention of Money Laundering, a state agency created in 1993 and specialized in the generation, treatment and dissemination of financial intelligence generated from operational communications by obliged subjects.
Sepblac, within its supervisory and guarantee of compliance functions regarding the prevention of money laundering provisions, announces the following:
It has been verified that action of organizations linked to drug trade in Campo de Gibraltar has experienced a marked growth in recent years. In this context, it is very important to prevent the penetration into formal economy and the financial system of capitals from a criminal origin and to cooperate with the authorities in the detection of this type of operations.
Obliged subjects by Law 10/2010 of 28 April on the prevention of money laundering and terrorist financing (https://www.sepblac.es/en/obliged-subjects/) operating in Campo de Gibraltar and bordering areas are consequently reminded about the need to apply legal obligations of due diligence and information with the utmost rigor, having, in particular, to communicate with no delay to Sepblac any fact or operation, even the mere attempt, that presents signs of money laundering.
In Spanish only. Announcement download
