Financial Crime World

Obtaining Information on Legal Entities and Assets in Spain

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Introduction


Spain has established various channels through which foreign authorities can obtain information on legal entities, legal arrangements, or relevant persons. This guide outlines these channels and provides a step-by-step guide for asset recovery from G-20 countries.

Access to Bank Account Information and Payment Records


Requirements for Access

  • A judicial warrant must be issued and communicated through proper channels.
  • Law enforcement agencies have access to bank account information and payment records after obtaining the necessary warrant.

Channels for Obtaining Information


  • Interviews with relevant individuals: Yes
  • Records/documents: Yes
  • Trusts are not allowed under Spanish law, so there is no access to information on trusts.

Financial Institutions

  • Interviews with personnel: Yes
  • Accounts records/documents: Yes

Trust and Company Service Providers

  • Interviews with personnel: Yes
  • Accounts records/documents: Yes

Other Designated Non-Financial Businesses and Professions

  • Interviews with personnel: Yes
  • Accounts records/documents: Yes

Foreign authorities can request mutual legal assistance from Spain through various channels, including:

G20 Asset Recovery Guide - Spain

A guide that explains how foreign jurisdictions can obtain assistance from Spain to recover assets that are the proceeds of crime.

A step-by-step guide that presents the mutual legal assistance regime in force in each of the G20 countries and describes the specific procedure to be followed while requesting mutual legal assistance to G20 countries.

The website provides a comprehensive overview of the international cooperation mechanisms of Spain.

Step by Step Guide for Asset Recovery from G-20 Countries - Spain


This guide describes the different steps foreign jurisdictions will follow to obtain assistance from Spain to recover assets that are the proceeds of crime.