Warnings to obliged subjects

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Telephone calls by alleged employees of Sepblac

Sepblac is aware of the existence of telephone calls to obliged subjects by people who identify themselves as employees of Sepblac in which they ask after some customers and request the adoption of certain measures regarding them and their transactions.

In this regard, it is recalled that the actions by Sepblac are always carried out following strictly formal channels, in which the request for information, documentation or any other kind of action is made in writing within the framework of the provisions of article 21 of Law 10/2010 of 28 April on the prevention of money laundering and terrorist financing.

Alleged inspections by Sepblac

Sepblac has detected that some professionals or entrepreneurs are receiving visits of people who present themselves as linked to Sepblac and who intend to carry out an alleged inspection or other actions related to compliance with the regulations on the prevention of money laundering and terrorist financing.

It is recalled that the inspections or other actions by Sepblac are always carried out following strictly formal channels, in which the inspection visit is announced in writing with a prior and sufficient notice. Likewise, it is recalled that Sepblac does not have the power of exercising or enforcing the payment of fines or sanctions.

Undue use of identification signs of Sepblac

We are aware that people who are not part of Sepblac are using the name, acronym or logo of the Executive Service improperly. These actions are generally intended to make addressees understand that the remitter acts with the alleged support or assistance of Sepblac.

It is recalled that Sepblac never endorses or issues any opinion on the actions of third parties carrying out, or claiming to perform functions related to the prevention of money laundering and terrorist financing.

Likewise, it is recalled that Sepblac does not allow in any case the use of its name, acronym or logo by third parties.

Obliged subjects exempt from the obligation of examination by an external expert

Sepblac is aware of the existence of external experts offering their services to obliged subjects exempted from the obligation of bringing their internal control measures under the annual examination of an external expert.

In this regard, Sepblac recalls that not all obligated subjects have the obligation of bringing their internal control measures under the examination of an external expert. According to stated in Law 10/2010 of 28 April and in its Regulation, approved by Royal Decree 304/2014 of 5 May, the following categories of obliged subjects are exempted from this obligation:

  • Individual professionals or entrepreneurs, understanding as such those individuals who provide, on their own behalf, business or professional services.
  • Insurance brokers.
  • Obliged subjects listed in article 2.1 (i) to (u), both inclusive, of Law 10/2010 of 28 April that, including agents, employ fewer than 10 persons and whose annual turnover or total annual balance does not exceed EUR 2 million, provided they are not part of a business group that exceeds these figures.
  • Obliged subjects listed in article 2.1 (v) to (y), both inclusive, of Law 10/2010 of 28 April (foundations, associations, professional dealers in goods under the terms set out in article 38 of Law 10/2010 of 28 April and managers of payment systems, clearing systems and those for the settlement of securities and financial derivatives, as well as managers of credit or debit cards issued by other entities, among others).
  • In case of doubt regarding this warnings, please contact with Sepblac in the phone +34.91.338.8808 or by sending an e-mail to the following address: sepblac.sujetos.obligados@bde.es.