Module

KYC & CDD Onboarding for Spanish Real Estate

Mobile-first customer due diligence designed for the realities of Spanish property transactions.

PropComply's KYC/CDD onboarding lets obliged subjects in Spanish real estate — agents, lawyers, developers and brokers — collect a complete customer due diligence file from a buyer or seller on mobile in minutes. It captures identity documents, beneficial ownership, PEP and sanctions screening, source of funds, and a documented risk classification aligned with Ley 10/2010 and the Spanish National Risk Assessment (NRA) for ML/TF.

Capabilities

Mobile-first client journey in Spanish and English
ID document capture with liveness and authenticity checks
Beneficial ownership and legal-entity structure capture
Real-time PEP, sanctions and adverse-media screening
Risk classification suggested from NRA-aligned factors
Full audit trail of every action and consent

Outcomes

Cut onboarding time from days to minutes
Standardised CDD files SEPBLAC inspectors can read
One KYC file shared between the agent, lawyer and broker
Demonstrable risk-based approach for every client

How it works

Step-by-step

1
Invite the client
Send a secure onboarding link by email or WhatsApp; the client completes KYC on their phone in their language.
2
Verify identity and ownership
Capture and validate ID documents, beneficial ownership and the corporate chain when entities are involved.
3
Screen and classify risk
Run PEP, sanctions and adverse-media screening, then produce a documented risk classification aligned with Ley 10/2010.
4
Hand off the file
Share the standardised KYC/CDD file with the next party in the transaction without losing your independent AML responsibility.

FAQ

Frequently Asked Questions

Who in Spanish real estate must perform KYC?

Real estate agents, lawyers, notaries, property developers and mortgage intermediaries are obliged subjects under Article 2 of Ley 10/2010 and must perform customer due diligence on the parties to the transaction.

Does PropComply replace my AML responsibility?

No. PropComply is shared infrastructure that helps obliged subjects perform and document CDD. Each obliged subject retains independent AML liability under Ley 10/2010.