Secondary user

KYC/CDD for Notaries — Spanish Real Estate

Receive structured KYC/CDD earlier in the transaction. Fewer last-minute delays.

Notaries in Spain are obliged subjects under Ley 10/2010 and must perform their own customer due diligence. PropComply lets notaries receive structured KYC/CDD files from agents and lawyers earlier in the transaction — in a consistent, audit-ready format — so review happens before signing day, not at the deed table. Independence in AML assessment is fully preserved.

Earlier access

Consistent format

Independence preserved

Common Challenges

Last-minute document submission before signing
Inconsistent KYC quality from different sources
Need to perform independent AML assessment
Completion delays from missing documentation

How PropComply Helps

Early access to structured KYC/CDD from agents and lawyers
Consistent format across all transaction parties
Independent review and assessment tools
Secure read-only access to supporting documents
Bilingual EN/ES output available

Workflow

Step-by-step for notaries

1
Receive the file
Accept a permission-based share of the structured KYC/CDD file ahead of signing.
2
Review identity & UBO
Verify identity, beneficial ownership and the consistency of supporting documents.
3
Review screening & SoF
Examine PEP and sanctions screening results and source-of-funds documentation.
4
Independent assessment
Document your own AML review and any additional questions before the signing.
5
Proceed to signing
Move to signing with a complete, audit-ready file behind the deed.

FAQ

Frequently Asked Questions

Do notaries have AML obligations in Spain?

Yes. Notaries are obliged subjects under Ley 10/2010 and must perform their own CDD, identify beneficial owners, assess risk and report suspicious activity. Receiving a structured KYC/CDD file from the agent or lawyer does not replace these obligations.

How does PropComply help notaries before signing day?

By giving notaries early, structured access to the client's KYC/CDD file — identity, UBO, screening, source of funds — review can happen ahead of signing, removing the typical last-minute scramble and reducing the risk of completion delays.

Is notary independence preserved?

Yes. The notary always performs its own independent AML assessment and decision. PropComply provides structure and an audit trail; it does not perform the notary's review.