Spain draft legislation provides legal framework for sanctions enforcement

The Spanish Ministry of Economic Affairs and Digital Transformation (MINECO) has published a Draft Law, amending 10/2010 of 28 April on the prevention of money laundering and terrorist financing, to transpose into Spanish domestic law the EU’s Fifth Money Laundering Directive. The legislation also sets out the legal framework for enforcing compliance with EU and UN sanctions, and sets down penalties for failure …

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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