New regulations on AML/CFT

The UIFAND has published Technical Communication CT-02/2025, which specifies the procedure for availing of the exemption from the annual external audit provided for in the new article 17 bis of the Regulation of Law 14/2017.

This exemption, regulated by Decree 46/2025, allows certain financial reporting entities to be exempted from the obligation to submit the annual external AML/CFT audit, provided that they meet a series of specific conditions related to the level of risk.

What requirements must be met?

• Low exposure to AML/CFT risk according to national studies or supervisory actions.
• Absence of transactions with high-risk jurisdictions.
• Lack of substantial changes in the regulations requiring the audit.

Applications must be submitted between October 1 and 31. The UIFAND will resolve within 10 business days.

This new measure aligns with the recommendations of the FATF and MONEYVAL, focusing on a risk-based approach and greater proportionality in regulatory compliance.

At Crowe Andorra, we explain how to benefit from this exemption and we accompany you in the compliance process.

You can consult the full Newsletter here.

We hope that the content of this document is of interest to you.