Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 21

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 21
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 regulation will be applicable from 12 September 2025.

#### Digital identity
The European Digital Identity (EUDI) Regulation has been in force since 20th May 2024. This regulation provides a unique and secure digital wallet that can contain national digital identities and other certificates, provide access to a secure and reliable electronic identification and also share the stored electronic documentation.

20 2024 Pillar 3 Disclosures Report

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

#### 1.3.4. AML/FT
The Official Journal of the European Union published on 19 June 2024 the regulatory package on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), which strengthens the existing EU anti-money laundering framework, improves the detection of suspicious transactions and activities and closes loopholes in the current regulatory framework. The new features include an extension of anti-money laundering rules to new regulated entities, such as the majority of the crypto assets sector, luxury goods merchants, and football clubs and agents. In addition, stricter due diligence requirements are established, beneficial ownership is regulated and a limit of €10,000 is set for cash payments, among other matters.

This regulatory package consists of:

• the Regulation (EU) 2024/1620 establishing a new European AML/CFT authority known as AMLA, which will be responsible for direct and indirect supervision of regulated entities in the financial sector. The creation of AMLA will ensure effective and adequate supervision of regulated entities that pose a high risk with regard to money laundering and terrorism financing, strengthen common supervisory approaches for all other regulated entities, and support and coordinate Financial Intelligence Units (FIUs). This regulation will be applicable from 1st July 2025, and AMLA is expected to be fully operational and initiate its direct supervision duties on 1 January 2028.

• The Regulation (EU) 2024/1624, which will be directly applicable, introduces changes to achieve better harmonisation and convergence in the application of regulations on anti-money laundering and countering the financing of terrorism throughout the EU. Thus, EU requirements are harmonised in areas such as customer due diligence, transparency requirements regarding beneficial ownership, information obligations and internal control measures for regulated entities, and the list of regulated entities is extended, among other aspects. This regulation will be applicable from 10 July 2027, although for exceptions it