Regulatory framework and legal status

Regulatory framework

The legal framework of Sepblac consists on the following provisions:

Legal status

Sepblac is a body organically and functionally depending on the Commission for the Prevention of Money Laundering and Monetary Offences (CPMLMO).

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 employees of the Bank of Spain serving on Sepblac continue their employment relationship with the Bank of Spain, depend functionally of the Executive Service, and are subject to the regulations governing the employee system of the Bank of Spain.

National Police and Civil Guard officials serving on the police units attached to Sepblac cooperate in the execution of the financial analysis and intelligence functions under the functional under the functional dependence of its Director.

The State Tax Administration Agency (AEAT for its initials in Spanish) officials serving on the police units attached to Sepblac cooperate in the execution of the financial analysis and intelligence functions under the functional under the functional dependence of its Director.

The patrimonial liability of the State for the actions of the bodies of the CPMLMO shall be chargeable, if applicable, to the Minister of Economy and the Treasure