This update is purely procedural and administrative guidance on AML/CFT compliance measures; it does not address any specific financial product or service category from the taxonomy.
No investment, lending, digital asset, or cash equivalent product is discussed; this is cross-cutting compliance guidance applicable to all obliged entities regardless of product type.
Specialism
The update directly addresses simplified customer due diligence measures within AML/CFT frameworks, which is a core Know Your Customer obligation under anti-money laundering regulation.
Mandatory inheritance: KYC is a child of Anti-Money Laundering/Counter-Terrorism Financing, so AML/CTF must be raised as the secondary tag.
2026-04-28 08:17:54·tojuri@vixio.com
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TITLE: Spain's Financial Crime Authority Publishes Simplified Due Diligence Guidelines
BODY:
On April 27, 2026, the Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offences (Sepblac) published guidelines on applying simplified customer due diligence measures in anti-money laundering and counter-terrorism financing (AML/CFT).
Customer due diligence constitutes a fundamental component of AML/CFT preventive systems, enabling obliged entities to understand their customers, assess the nature and purpose of business relationships, and identify unusual or suspicious transactions. Both Financial Action Task Force (FATF) standards and Spanish and European regulatory frameworks require these obligations to be applied using a risk-based approach, with the scope, intensity, and frequency of measures adjusted according to identified risk levels.
The guidelines address recent international standards and European regulatory developments, serving two primary objectives. First, they promote consistent and prudent application of simplified customer due diligence measures by providing practical criteria and guidance to obliged entities. Second, they facilitate a smooth transition to the new European AML/CFT regulatory framework, which will become directly applicable from July 2027.
Obliged entities should refer to these guidelines when determining whether simplified due diligence measures are appropriate for specific customers or business relationships, ensuring compliance with both current Spanish requirements and forthcoming European standards.
REFERENCES:
Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offences (Sepblac). Guidelines to applying simplified Due Diligence measures. April 27, 2026. Available at: https://www.sepblac.es/
Guidelines to applying simplified Due Diligence measures | Sepblac 27 April, 2026 News Guidelines to applying simplified Due Diligence measures Customer due diligence in the area of the prevention of money laundering and terrorist financing (AML/CFT) constitutes an essential pillar of the preventive system, as it enables obliged entities to adequately know their customers, understand the nature and purpose of business relationships, and detect unusual or suspicious transactions. Both the FATF standards and the Spanish and European regulatory frameworks recognize that these obligations must be applied in accordance with a risk‑based approach, adjusting the scope, intensity and frequency of the measures depending on the risk identified. The new international standards as well as the recent European regulatory developments have prompted the preparation of this guide , which pursues a dual objective. On the one hand, it seeks to promote a homogeneous and prudent application of simplified customer due diligence measures by providing practical criteria and guidance. On the other hand, it aims to contribute to a smooth transition towards the new European AML/CFT regulatory framework, which will be directly applicable from July 2027. Guidelines to applying simplified Due Diligence measures Skip back to main navigation We are using cookies to give you the best experience on our website. You can find out more about which cookies we are using or switch them off in settings . Close GDPR Cookie Banner Accept Reject Settings Close GDPR Cookie Banner Change cookie settings Close GDPR Cookie Settings Privacy Overview Strictly Necessary Cookies Cookies policy Powered by GDPR Cookie Compliance Privacy Overview This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Strictly Necessary Cookies Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Enable or Disable Cookies Enabled Disabled Cookies policy More information about our Cookie Policy Enable All Reject All Save Changes