Sepblac publishes Spain’s 2026 AML risk assessment

Sepblac published its National Risk Assessment 2026 on 31 July 2026, providing the risk basis for Spain’s existing AML/CFT measures.

The public version of the ANR 2026 evaluates money-laundering and terrorist-financing risks affecting Spain’s national system. Sepblac said the document is intended to support competent authorities and obliged entities in applying a risk-based approach.

The assessment integrates identified threats, vulnerabilities and risks, with separate analysis by sector. It identifies areas of higher exposure, considers emerging risks and supports proportionate preventive and mitigating measures.

Publication does not create new Level 1 obligations. The assessment is an evidential and supervisory reference point for Spain’s existing risk-based AML/CFT framework, distinct from obligations under Regulation (EU) 2024/1624, the AMLD framework, EBA guidance and other supranational instruments. These instruments should be reviewed through their respective official EU and EBA sources when assessing any related obligations.

Sepblac said the assessment was prepared with the participation of the competent authorities for each area and private-sector representatives. COPBLAC approved it as the outcome of a coordinated national risk-assessment exercise.

The notice does not identify particular firms, sectors, risk ratings, control changes or reporting deadlines. Subsequent implementation remains with the relevant authorities and obliged entities.

For compliance teams, the immediate task is document review rather than automatic rule change. Spain-facing obliged entities should assess how the ANR 2026 affects their risk assessments, sectoral assumptions and rationale for proportionate preventive and mitigating measures. The source notice does not prescribe a new form, reporting channel or implementation timetable.

The publication also leaves the technical standards calendar unchanged. It does not amend the RTS/ITS split, establish a new Q&A mechanism or alter passporting arrangements under EU instruments. Any Spanish transposition, supervisory implementation or firm-level requirement should be assessed against the relevant national measure, rather than inferred from publication of the assessment.

Sepblac has made the full document available through the Tesoro website and its COPBLAC publications section. The notice does not provide a review cycle or compliance deadline.

The affected population is the Spanish national AML/CFT system, including competent authorities and obliged entities to which the risk-based approach applies. Any national implementation analysis should be conducted against the relevant Spanish measures and official guidance.