Identification and Prevention of Money Laundering
All foundations and associations, whatever their nature and size, are obligated subjects – under a special regime – of the LPBC (Money Laundering Prevention Act). Therefore, we must comply with Law 10/2010, of April 28, and Royal Decree 304/2014, of May 5.
Article 39 of the LPBC establishes the following obligations to be fulfilled by foundations and associations, among other things:
Identify and verify the identity, according to the form provided for in the LPBC and its Regulations, of all persons who receive funds or resources free of charge, as well as all persons who carry funds or resources free of charge for an amount equal to or greater than 100 euros.
Violations for failure to comply with the obligations of the LPBC are divided into minor, serious and very serious. Failure to identify donors and beneficiaries may result in a serious offence and a fine of at least 60,001 euros.
You can read more about our obligations in this (spanish) article.
For this reason, we’ve directed you to this page to identify yourself.
We’d ask you to click the button below to start the process of identification with our provider, SILT.
