The Spanish Securities Commission (CNMV) has completed its review of 2025 anti-money laundering and counterterrorist financing returns from securities firms, management companies and cryptoasset service providers. While reporting quality was generally adequate, the CNMV found erroneous or inconsistent data and indicators of potential compliance failures that will prompt follow-up with affected entities. The review highlighted the need for documented risk assessments, written policies, adequate resources, internal control bodies, representatives before Spain’s anti-money laundering authority and annual external expert reviews. The CNMV also found that many entities reported no transaction alerts and few reported special examinations or suspicious transaction reports, which it will consider in further supervision. Firms must maintain appropriately calibrated alerts and annual training plans that enable staff to identify suspicious activity. The CNMV will expand its reporting manual in the coming weeks to address issues identified through the review.
2026-09-14Spanish Securities Commission (CNMV)
Spanish Securities Commission identifies anti-money laundering reporting and compliance weaknesses across regulated firms
The Spanish Securities Commission found erroneous and inconsistent data, as well as potential compliance weaknesses, in 2025 anti-money laundering returns from securities firms, managers and cryptoasset service providers. It will follow up with affected entities, consider low levels of reported alerts and investigations in further supervision, and update its reporting manual.