Explanatory Note on Measures Adopted by Financial Institutions Regarding Denials and the Application of Restrictive Measures in Relation to Accounts, Services, or Payment Products for Reasons of Anti-Money Laundering or Counter-Terrorist Financing Prevention

Financial institutions are obliged entities under the regulations on prevention of money laundering and terrorist financing—primarily contained in Law 10/2010 of April 28 and its implementing regulation approved by Royal Decree 304/2014 of May 5. Therefore, they must apply appropriate…









