Did You Know? Real Estate Agents Can Be Held Personally Liable for AML Failures

💡 Did you know that YOU as a real estate professional can be personally fined if your agency fails to comply with AML regulations?

Why Agents & Their Executives Are at Risk

⚠️ Agents must verify buyers’ identities and funds—not just rely on lawyers or banks.

⚠️ If an agent facilitates a suspicious deal, they can be fined personally.

⚠️ Spanish law holds individuals accountable for AML negligence.

Example Case: The Agent Who Faced €200,000 Personal Fine

A real estate agent in Estepona helped a buyer purchase a €1.5M apartment but didn’t conduct source of wealth verification.

🚨 What went wrong?

❌ The buyer was linked to organized crime.

❌ The transaction was done via a Gibraltar-registered trust.

❌ The agent didn’t report the unusual structure to SEPBLAC.

🔍 The Result? The agent faced a €200,000 personal fine.

✅ The Lesson? AML compliance isn't just the agency's responsibility—agents and their executives are personally accountable too.

📌 CostaAML ensures both firms and individuals stay fully compliant and protected.