The New Comprehensive Law on the Prevention and Suppression of Money Laundering and Terrorist Financing

The New Comprehensive Law on the Prevention and Suppression of Money Laundering and Terrorist Financing

What will change for real estate agencies?

Real estate companies are now included in the general regime for Obligated Persons.

As a result, they must implement the following measures:

• Due Diligence (KYC).
• Prevention Manual.
• Compliance Officer.
• Suspicious Activity Reports.
• Records and internal controls.

Major Risks of Noncompliance

The main risks of noncompliance include:

• Do not register with the IVE.
• Failing to properly verify customers’ identities.
• Do not report unusual transactions.
• Failure to retain the required documentation.
• Lack of a Prevention Manual or Compliance Officer.

Decree 15-2026 does not seek to restrict legitimate activities

Its goal is to strengthen transparency, the traceability of transactions, and the prevention of money laundering through compliance mechanisms that are proportionate to the risk associated with each activity.

Is your real estate agency ready for Decree 15-2026?

At NOVIS Law Firm, we assist real estate companies throughout the entire compliance process, from registration with the IVE to the implementation of the Prevention Manual. Contact us.