The reporting obligations of the obligated parties are defined in chapter III of Law 10/2010, of April 28, on the prevention of money laundering and the financing of terrorism (articles 17 to 25).. A distinction must be made between communications by signs and systematic communications:

Communications by indication: Any obligated party that, after carrying out the special examination provided for in article 17 of Law 10/2010, concludes that in some operation there is indication or certainty that the act or operation examined is related to money laundering or the financing of terrorism, must send to the Executive Service a communication by indication as described in article 18 of law 10/2010. The structure that this communication must have is specified in the form F19-1, which can be found at www.sepblac.es>>sujetos obligados y expertos externos>>comunicación de operaciones>>comunicación de operativas sospechosas por indicio.

Without prejudice to what is described in point 2 below, when an obligated party has not sent communications by indication because there are no facts or operations related to money laundering or terrorist financing, it will not be necessary to send any type of negative statement.

Systematic communications: only the obligors included between paragraph a) and paragraph i), of article 2.1 of Law 10/2010, except the insurance brokers referred to in art. 2.1.b and the financial advisory companies,, must make the systematic communication referred to in Article 20 of said Law.. This communication consists in sending monthly to the Executive Service the operations that meet the criteria established in letters a), b), c), d), e) and f) of article 27.1 of the Regulation of Law 10/2010, approved by Royal Decree 304/2014..

According to the Second Transitory Provision of the Regulation of Law 10/2010, the systematic communication established in the previous sections e) and f), will be enforceable from the date determined by the Executive Service of the Commission, who will also determine the form and content of said communications.