The Money Laundering and Financing of Terrorism Prevention Law of 10/2010 (of the 28th of April) is a form that requires to be filled by any person wishing to purchase a property in Spain. When purchasing a new build property it is the developer, the estate agent or the buyer´s solicitor who will provide this form in order to accept payments from clients.
The information required to be filled on The Money Laundering and Financing of Terrorism Prevention Law form is:
- Personal details (including full name, date of birth and nationality). - Address in country of tax residence (accompanied with proof of address like household bills). - Information on whether the country of residency is a fiscal haven. - Contact details. - Marital status. - Criminal record information. - Profession. - Employment. - Company name, years of employment and sector. - Source of funds (documents such as savings, inheritance, sale of property, etc.). - Proof of income (documents such as payrolls, salary, pension, tax declaration, etc.). - Bank account details. - Bank statements. - Public office information (whether buyer or relative works or has worked in public office). - Transaction description. - Transaction purpose.