Anti-Money Laundering

The Spanish companies of the Jurisserv firms are obliged entities under Ley 10/2010, of 28 April, on the prevention of money laundering and terrorist financing, and all the firms apply an internal programme aligned with Directives (EU) 2015/849 and (EU) 2018/843.

Obliged entity

Each company of the Jurisserv firms, as a legal and tax firm providing commercial, tax and corporate advisory services, is subject to the anti-money laundering and counter-terrorist financing regime applicable in its jurisdiction. In Spain, this entails identification, due diligence and reporting obligations to the SEPBLAC in respect of certain transactions; in the other jurisdictions, reports are addressed to the equivalent competent body.

Due diligence

Before entering into any professional relationship, the firm applies due diligence measures that include:

• Formal identification of the client by means of official documentation.
• Identification of the beneficial owner where the client is a legal person.
• Understanding of the purpose and nature of the professional relationship.
• Ongoing monitoring of the relationship throughout its duration.
• Enhanced assessment for high-risk transactions (PEPs, high-risk jurisdictions, complex or unusual transactions).

Suspicious transactions

The firm has an anti-money laundering Manual and an internal control body that examines any transaction that may be connected with money laundering or terrorist financing. Where appropriate, the corresponding report is made to the SEPBLAC (Servicio Ejecutivo de la Comisión de Prevención del Blanqueo de Capitales) or to the equivalent body of each jurisdiction.

Training and supervision

All professionals receive mandatory periodic AML training. Compliance with the programme is supervised by the Compliance Committee and by an independent external expert, as required by law.

Refusal to provide the service

The Jurisserv firms reserve the right not to enter into, or to terminate, the professional relationship where they are unable to complete the due diligence measures required by law or where there are well-founded indications that the transaction may be linked to money laundering or terrorist financing.