DISCIPLINARY SYSTEM

The AFA exercises disciplinary power over all the entities that operate within the financial system and, to this end, it starts, processes and resolves disciplinary procedures and decides the corresponding sanctions whenever an infraction has been allegedly committed by entities operating within the financial system.

The Department of Police and the Ministry responsible for the Interior respectively are competent to start and process on the one hand, and to resolve on the other, disciplinary procedures when the breaches have been committed by natural persons or legal entities not operating within the financial system.

Regulated administrative offences may be committed by entities that handle cash or by the general public, and they are subject to sanctions within the limits established under Law 17/2013.