Unitat d'Intel·ligència Financera d'Andorra UIFAND
Who they are
Andorra's financial intelligence unit and the body competent to promote and coordinate measures against money laundering, terrorist financing and proliferation financing; its functions and powers are set out in Chapter X of Law 14/2017. Its own site says it began operating on 24 July 2001 as the Money Laundering Prevention Unit, after the Consell General approved the law on international criminal cooperation and money laundering on 29 December 2000.
What they do
Directs and coordinates measures against money laundering, terrorist financing and proliferation financing, analyses suspicious transaction reports, can block operations provisionally for up to five days (Art. 20.5 of Law 14/2017) and inspects reporting entities. It also cooperates with foreign counterparts and publishes technical communiqués for obliged subjects.
Key laws & regulations issued
- Regulation Decret 76/2022, del 2 de març, d'aprovació del Reglament de la Llei 14/2017 (Decree 76/2022 approving the Regulation of Law 14/2017) 2022
- Act Llei 5/2022, del 3 de març, d'aplicació de sancions internacionals (Law 5/2022 on the application of international sanctions) 2022
- Act Llei 14/2017, del 22 de juny, de prevenció i lluita contra el blanqueig de diners o valors i el finançament del terrorisme (Law 14/2017 on the prevention and fight against money laundering and terrorist financing) 2017
Latest news
No news tagged to this regulator yet.
Related regulators
Others in Andorra supervising overlapping sectors.