Money Laundering

Money laundering involves the process of disguising the origins of illegally obtained money or assets, making it appear as if it comes from legitimate sources. It typically involves a series of financial transactions or activities that aim to obscure the trail of illicit funds, making them appear ‘clean’ or legal. This process allows criminals to integrate ill-gotten gains into the legitimate financial system, making it challenging for authorities to trace the money back to its illegal source. In Spain is regulated in article 301 of the Criminal Code, with 6 months to 6 years to five years imprisonment on most cases, although penalty can be higher in sever cases, such as money laundering committed by criminal organisations.

Some of the most common types of money laundering in Spain include financial institution laundering, cash intensive businesses, cybercrime and digital money laundering, professional services laundering or real estate sector laundering.