SEPBLACServicio Ejecutivo de la Comisión de Prevención del Blanqueo de Capitales e Infracciones Monetarias (Executive Service of the Commission for Monitoring Exchange Control Offences)
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Spain has addressed two noted deficiencies: in 2016, SEPBLAC received a nearly 29 percent budget increase in order to increase personnel from 54 to 79 employees; and in June 2017, the new EU Funds Transfer Regulation will become effective in Spain.
The second organisation is SEPBLAC (the Executive Service of the Commission for the Prevention of Money Laundering), Spain's financial intelligence unit.
SEPBLAC has the prime responsibility for any investigation in money laundering cases and directly supervises the anti-money laundering procedures of banks and financial institutions.
SEPBLAC coordinates the fight against money laundering in Spain.
SEPBLAC has access to the records and databanks of other government entities, financial institutions, and has formal mechanisms in place to share information domestically and with other FIUs, including FINCEN.
SEPBLAC delegates responsibility to two additional organizations.