Due diligence guidelines in relation to trusts


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Sepblac has prepared a guide intended for obliged subjects bound to Law 10/2010 of 28 April on the prevention of money laundering and terrorist financing that contains some guidelines in order to fulfil with the due diligence obligations to be applied in business relations or operations with trusts.

Trusts are alien instruments to the Spanish legal system. However, the increasing internationalization of economy may result in obliged subjects establishing business relationships or taking part in transactions with trusts established under the legislation of third part States.

The nature of trusts, the risks that are inherent to them and the lack of practical experience on this figure in Spain make it convenient to publish this guide prepared by Sepblac.

The Guía de cumplimiento can be consulted at the Publications section of this website or by clicking on the following link:

Due diligence guidelines in relation to trusts