Anti-Money Laundering Newsletter – January 2021
Spain -
Renewal of the Sepblac’s Management: nature and functionsnature and functions
On October 30, the change within the management of the Sepblac was formalized. The previous head, who held said office since 2013, Juan Manuel Vega, has been replaced by the former deputy director of the Bank of Spain’s General Directorate of Supervision, Pedro Comín. On the occasion of this management change within the ‘Servicio Ejecutivo de la Comisión de Prevención de Blanqueo de Capitales’ (the Executive Service of the Commission for the Prevention of Money Laundering) (“Sepblac”), we hereby review the nature and functions of Sepblac.
Legislation and publications of official bodies
- The EBA publishes an opinion on how to strengthen the connection between the EU legal frameworks for the prevention of money laundering and terrorist financing and deposit protection
- The Presidency of the European Union Council and the European Parliament reach a provisional agreement regarding online terrorist contents
- The European Union Council adopts new rules to improve the fight against fraud
- The EU interior ministers issue a joint declaration on the recent terrorist attacks in Europe
- The Spanish Council of Ministers approves the Draft Law to combat Tax Fraud, which must continue its course through Parliament
- The EBA publishes the report on risk assessment and the 2020 EU-wide transparency exercise
- The EBA publishes an opinion on how prudential supervisors should consider the risks of money laundering and terrorist financing
Sanctions and judgments
- The European Union Council extends sanctions against Venezuela until November 14, 2021
- The EU renews its sanctions regime against ISIL/Daesh and Al-Qaida until October 31, 2021
- Seven new Syrian ministers added to the EU sanctions list
- EU chemical weapons sanctions regime is renewed for one year
- New European regulation on crowdfunding service providers for business
- The EU adds Anguilla and Barbados to the list of non-cooperative countries and territories for tax purposes and eliminates the Cayman Islands and Oman
- The Public Treasury publishes the updated quarterly list of risk jurisdictions in relation to money laundering and terrorist financing included in the FATF and EU lists
- Libya: new sanctions for violations of the UN weapons embargo
- Use of chemical weapons in the attempted assassination of Alexei Navalny: the EU imposes sanctions on six persons and one entity
- The Spanish Supreme Court rejects the appeal filed by the General Council of Notaries against the Beneficial Ownership Registry
News
- The Ecofin supports the creation of a supervisor in the EU to combat money laundering
- The Spanish Tax Authority and the ‘Audiencia Nacional’ dismantle a ring of managers that evaded funds of 500 Spanish fortunes to Switzerland and Andorra
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