Enhanced Due Diligence
for the Real Estate sector
on Costa del Sol.
Enhanced Due Diligence (EDD) Required
Real estate professionals operating in Spain and Costa del Sol must comply with EUAMLD and Spanish AML regulations (Ley 10/2010 & Real Decreto 304/2014) by conducting Enhanced Due Diligence (EDD) on high-risk clients and transactions. Given the high volume of international clients, both being buyers, sellers and investors, real estate transactions on Costa del Sol and other hotspots in Spain are particularly exposed to cross-border money laundering risks, requiring thorough scrutiny and verification and client risk assessment.
At CostaAML, we specialize in EDD tailored to the real estate sector in Spain and international clients, high net worth individuals and high risk non-residents. Our services help real estate professionals verify passport and ID documents, origin of source of funds and documents, confirming beneficial ownership, and identifying andy politically exposed persons (PEPs) involved in the deal, to ensure full AML compliance with Spanish Anti-Money Laundering Law.
Why EDD is Crucial for Costa del Sol Real Estate
✔ High-Risk Client Screening – Identifying and assessing PEPs, sanctioned individuals, and HNWIs, particularly those from high-risk jurisdictions.
✔ Source of Funds & Wealth Verification – Ensuring international clients funds come from legitimate, traceable sources, especially for cash-based (no mortgage) transactions and luxury real estate deals.
✔ Beneficial Ownership Identification & Verification – Conducting deep-dive investigations into corporate structures, offshore companies, and real estate investment entities.
✔ Cross-Border Transaction Analysis – Reviewing international property deals and high-value transactions involving foreign clients.
✔ Regulatory Compliance & Risk Mitigation – Helping firms meet obligations under EUAMLD, Ley 10/2010 & Real Decreto 304/2014, reducing exposure to financial crime risks and regulatory penalties.
Complete EDD delivered from EUR 500
