The Recent Legislation to Combat Money Laundering in Spain

In Spain the efforts to criminalize money laundering have centered on the proceeds from drug trafficking. The first action undertaken was the National Anti-Drug Plan of 1985, in the framework of which Institutional Act1/1900 was promulgated on March 28, 1998. This Act amended the Spanish Criminal Code vis-à-vis illegal trafficking in narcotics. In particular it reformed Article 344 and introduced a new Article 546bis(f). The former provision added as criminal offences types of drug trafficking which were previously unregulated such as drug-related corruption involving law enforcement officials and trafficking in narcotics undertaken by criminal organizations established specifically for this purpose...(more)