A. Definition of the reporting entity

The Andorran anti-money laundering legislation considers auditors as reporting entities. These are professionals on a specific matter that are external and independent from the entity that they are auditing. They assess compliance with the corresponding laws and make a valuation in this respect.

Non-resident natural and legal persons carrying out activities of equal nature as the aforementioned in the Principality of Andorra are also considered to be reporting entities.

B. Obligations of the reporting entity

The main obligations attributed to the auditors in the matter of the prevention of money laundering and terrorist financing are the following: