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The powers relating to the economic, budgetary and procurement regime of Sepblac are exercised by the Bank of Spain in accordance with its specific rules.
The budget of Sepblac, following its approval by the Commission for the Prevention of Money Laundering and Monetary Offences (CPMLMO), is integrated, with the due separation, into the proposal of Budget for Operating and Investment Expenses of the Bank of Spain.
The proposal of Budget for Operating and Investment Expenses of the Bank of Spain, once approved by the Governing Council of the aforementioned institution is submitted to the Government of Spain, which forward it to the Parliament for approval.
- In Spanish only. Presupuestos Generales del Estado en curso
The Bank of Spain, for expenses incurred under the budget approved by the CPMLMO, draws up duly justified accounts, which are later referred to the General Secretariat of the Treasury and International Financing.
The General Secretariat of the Treasury and International Financing, after verifying said accounts, pays the amount to the Bank of Spain, charging against the non-budget item created for this purpose by the State Comptroller’s Office.
The balance presented by the above concept is settled by charging against the benefits paid in annually by the Bank of Spain to the Treasury.