COREDO – EU Legal & Compliance Services Expert legal consulting, financial licensing (EMI, PSP, CASP under MiCA), and AML/CFT compliance across the European Union. Headquartered in Prague, we provide seamless regulatory solutions in Germany, Poland, Lithuania, and all 27 EU member states.
Over the last decade, Spain has become a country with a sophisticated and clearly structured financial system as well as transparent legislation. The statistics on the issuance of Spanish financial licences demonstrates this. During the last few years, Spain has surpassed the British regulator FCA as well as the regulators in Lithuania and Ireland in terms of granting licences to fintech companies. The favourable conditions and the transparent procedure for obtaining licences – simple as that.
The bodies that regulate the financial sector in Spain are the Central National Bank and Securities Market Commission – CNMV (Comision Nacional del Mercado de Valores) as well as SEPBLAC (the Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offences). SEPBLAC is a special executive service of the Central Bank of Spain, which has supervisory and controlling functions.
