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For the purposes of this Law 10/2010, of 28 April, on the prevention of money laundering and terrorist financing, the following definition of means of payment applies:

a) Paper money and coins, domestic or foreign.

b) Bearer negotiable instruments or means of payment. These are those instruments which, upon presentation, entitle their holders to claim a financial amount without having to prove their identity or entitlement to that amount. Included here are traveller’s cheques, cheques, promissory notes or money orders that are either in bearer form, signed but with the payee’s name omitted, endorsed without restriction, made out to a fictitious payee, or otherwise in such form that title thereto passes upon delivery and incomplete instruments.

c) Prepaid cards meaning those non-nominal cards that store or provide access to monetary value or funds which can be used for payment transactions, for acquiring goods or services, or for the redemption of currency where such cards are not linked to a bank account.

d) Commodities used as a highly-liquid store of value, such as gold.