This update addresses de-risking mitigation guidance for credit institutions and financial service providers, but lacks specific product/service focus — it is primarily a compliance and conduct supervision matter rather than a core product offering.
Low confidence — REQUIRES HUMAN REVIEW. The guidance applies broadly to credit institutions and financial service providers on AML/CTF compliance and de-risking practices, but does not clearly target retail deposit-taking or specific consumer banking products.
Specialism
The guidance directly addresses AML/CTF regulatory compliance and best practices for managing de-risking, which is a core concern within anti-money laundering and counter-terrorism financing frameworks.
Mandatory inheritance: AML/CTF is a child of Financial Crime, so Financial Crime must be raised as the secondary tag.
2026-03-06 10:12:35·tojuri@vixio.com
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TITLE: Spain's Financial Intelligence Unit Publishes Best Practices for Reducing De-Risking
BODY:
On March 5, 2026, Spain's Financial Intelligence Unit (Sepblac) published guidance on best practices for reducing de-risking in the financial sector. De-risking refers to the unintended consequence of an exaggerated and partial application of anti-money laundering and counter-terrorism financing (AML/CTF) regulations, which can result in the unjustified exclusion of legitimate customers and sectors from financial services.
The Financial Action Task Force (FATF), European Banking Authority (EBA), and Anti-Money Laundering Authority (AMLA) have previously highlighted the negative effects of de-risking practices, including financial exclusion and obstacles to realistic risk management. Following inspections conducted at credit institutions in 2025 focused on de-risking issues, Sepblac identified several good practices within the sector that may help mitigate this phenomenon. These practices are presented in relation to compliance with AML/CTF regulations and the complete regulatory framework, balancing different provisions to avoid overly restrictive interpretations.
The guidance emphasises that these best practices should be understood as complementary to any other supervisory measures the Bank of Spain may consider in exercising its supervisory function regarding conduct and transparency. The publication reflects a broader regulatory shift toward addressing financial exclusion concerns while maintaining robust AML/CTF compliance. Credit institutions and other financial service providers should review the identified best practices to ensure their risk management approaches appropriately balance regulatory compliance with customer access and market participation.