Sources & further reading
Official SEPBLAC & Tesoro publications
The CostaAML Real Estate AML Training is grounded in the official Spanish AML framework. The publications below — issued by SEPBLAC (Spain's Financial Intelligence Unit) and the Tesoro (Ministry of Economic Affairs) — are the primary sources cited across the modules.
All documents are hosted by the issuing authority. Links open in a new tab (PDF).
National Risk Assessment
Spain's official picture of money laundering and terrorist financing risk across sectors, including real estate.
Public summary of Spain's National ML/TF Risk Assessment.
2024 addendum updating the National Risk Assessment.
Sector risk indicators
Sector-specific catalogues of risk indicators (Catálogos de Indicadores de Riesgo) used across the Spanish AML framework.
Real estate — the primary indicators catalogue for the sector. Referenced throughout Modules 2, 5 and 6.
Payment institutions, bureaux de change and e-money — useful cross-reference when buyer funds flow through these channels.
Geographic risk
SEPBLAC guidance for assessing country risk when clients, UBOs or counterparties are linked to specific jurisdictions.
Feeds directly into CDD risk classification (Modules 3 and 4).
Typologies
Real-world ML/TF typologies from Tesoro, illustrating how illicit funds are staged into property and other sectors.
Reference for the anonymised case examples used in Modules 2, 5 and 6.
How these sources are used in the training
Each training module cites the specific publications that underpin its content — from national-level risk context in Module 1, to the SEPBLAC/Tesoro indicators catalogue driving red flags in Modules 2, 5 and 6, to the geographic risk guide used across CDD and PEP/sanctions screening.
Publications are the property of their respective issuing authorities. CostaAML Compliance links to the original documents for educational and reference purposes only.