Anti-money laundering penalties in Spain dropped in both volume and value in 2022 while targeting new types of businesses, with one mutual guarantee company and a land registry's office each receiving orders to upgrade their AML programs. Data provided to ACAMS moneylaundering.com by the Commission for the Prevention of Money Laundering and Monetary Offenses, which oversees AML supervision in the country, shows that Spanish regulators assessed 17 monetary penalties and completed 13 remediation orders for a final tally of 30 AML-related enforcement actions last year. That total marks a 35 percent drop from the 46 AML-related actions that Spain completed...
Anti-money laundering enforcement against banks, money services businesses and other AML-regulated institutions in Spain nearly doubled in volume from 24 completed actions in 2020 to 46 in 2021, according to Tesoro Publico, the country's Treasury.
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