External experts


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Article 28 of Law 10/2010 of 28 April, on the prevention of money laundering and terrorist financing, establishes that internal controls adopted by obliged subjects must be subject to an annual review by an external expert. Reports by external experts shall describe in detail the internal controls adopted by obliged subjects, evaluating their operational efficiency and proposing, where appropriate, rectifications or improvements.

This section describes the main functions and obligations of external experts in relation to the annual review referred to in Article 28 of Law 10/2010 of 28 April.