LESSON 0: INTRODUCTION

Policies on the prevention of money laundering (AML) emerged at the end of the 1980s as a reaction to the growing concern about financial crime derived from drug trafficking. In Spain, the policy for the prevention of Anti-Money Laundering & Counter Terrorism Financing has been developing in line to the evolution of international standards in this area. Spain has actively participated in the creation of those standards as a member of the Financial Action Task Force (FATF).

The regulations include, among other obligations, the participation of managers, employees and agents in specific training courses on AML/CTF. This course enables participants to comply with the training obligation, providing them with the necessary skills and abilities.