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Spain · EU member

Executive Service of the Commission for the Prevention of Money Laundering

SEPBLAC · AML authority

AML supervision mandate — index N/A

Employees

143

· employees

FY2025

Annual budget

~€22m

· operating costs — pin exact from SEPBLAC memoria

FY2025

Supervised entities

~9,277

· obliged entities under AML/CFT supervision

FY2025

Overview

SEPBLAC — the Servicio Ejecutivo de la Comisión de Prevención del Blanqueo de Capitales e Infracciones Monetarias — is Spain's AML/CFT supervisory authority and financial intelligence unit. It does not license financial institutions: in Spain, the Banco de España licenses and prudentially supervises banks and payment and e-money institutions, and the CNMV licenses investment firms and crypto-asset service providers, while SEPBLAC supervises all obliged entities' compliance with anti-money-laundering and counter-terrorist-financing obligations and executes financial sanctions. It pioneered thematic AML inspections over a decade before the EU made them mandatory, a practice FATF singled out in its 2014 evaluation of Spain. Everything below is SEPBLAC's own data, from its official publications.

Regulated sectors

BanksPayment institutionsCrypto-asset service providers

Leadership

  • Pedro Manuel Comín RodríguezDirector · since 2020

Full board →

Figures as published by Executive Service of the Commission for the Prevention of Money Laundering for FY2025. Source: SEPBLAC (Spanish / English) (SEPBLAC discloses little organisational data — expected norm). Data as of 31 December 2025.

Organisation (FY2025)

ItemValue
Employees
143
Operating costs
~€22m
Pin exact figure from the SEPBLAC memoria before publishing as authoritative
Obliged entities supervised
~9,277
Across financial and non-financial sectors

Mandate

ItemValue
AML/CFT supervision + FIU + financial sanctions execution
Under Law 10/2010
Supervises obliged entities across the financial and non-financial sectors
Licensing role
None
Banco de España and CNMV license; SEPBLAC supervises AML/CFT — the national split this card exists to explain
Governance
Executive service of the Commission for the Prevention of Money Laundering
Commission chaired ex officio by the Director General of the Treasury and Financial Policy; SEPBLAC run by a Director
Organisational figures
Not disclosed
SEPBLAC discloses little organisational data — expected norm

Reform in progress

ItemValue
Draft Royal Decree (April 2026)
Cap the Director's mandate at six years, non-renewable, and strengthen transparency
Converging early with the EU AML package applicable from 2027

Notable

ItemValue
Split from licensing
Spain splits AML supervision from licensing: SEPBLAC supervises what Banco de España and the CNMV license.
Thematic AML inspections pioneer
Invented thematic AML inspections ~13 years before the EU AML package made them mandatory EU-wide.
Early alignment with AMLA
An April 2026 draft Royal Decree would cap the Director's mandate at six years and align Spain early with the 2027 EU AML framework and AMLA.

Key legislation

  • Law 10/2010 on the Prevention of Money Laundering and Terrorist Financing

    AML/CFT — foundational

  • Royal Decree 304/2014

    AML/CFT implementing regulation

  • Draft Royal Decree (April 2026)

    Would cap the Director's mandate at six years, non-renewable

Application portals

Recent publications

Data as of 31 December 2025 · Source: www.sepblac.es + ComplyBridge researchActivity Index methodology →

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