CNMV publishes the results of its review of the first anti-money laundering and counter-terrorist financing report
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The CNMV has reviewed the first anti-money laundering and counter-terrorist financing report (2025 BCFT1 return) from broker-dealers, fund and private equity managers and crypto-asset service providers. Overall quality is adequate, but it found erroneous or inconsistent data and signs of non-compliance, and announces further supervisory work.
Key points
- Many entities reported no alerts and few reported special reviews or suspicious transaction reports.
- Reminds firms of the need for a risk assessment, written procedures, a representative before Sepblac and an annual external review.
- Requires an annual training plan; the reporting manual will be completed in the coming weeks.
Who is affected
Broker-dealers, fund and private equity managers and crypto-asset service providers.
Plain-language version
The CNMV, Spain's market watchdog, reviewed the first reports from brokers, fund managers and crypto firms on how they prevent money laundering, meaning dirty money being cleaned through them. Overall quality is fine, but it found wrong data and signs of rule-breaking, and will carry out more inspections.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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