SPARLAFTD for Brokerage Firms in Ecuador

AML/CTF Compliance for Brokerage Firms

Brokerage firms intermediate the purchase and sale of financial instruments on behalf of third parties, which demands rigorous investor client due diligence and verification of the origin of invested funds. Líderes APLA designs their SPARLAFTD in line with the guidelines of the Superintendency of Companies, Securities, and Insurance (SCVS).

Critical Elements

• Investor client due diligence and source-of-funds verification.
• Risk matrix by instrument type and transaction volume.
• Red flags in atypical securities transactions.
• Training for the Compliance Officer on reporting to the UAFE and SCVS.

Implementation and UAFE reporting

Implementing the SPARLAFTD in this sector is governed by the Organic Law for the Prevention, Detection and Combat of Money Laundering and by UAFE resolutions. As part of our AML/CTF Consulting, we deliver the risk matrix, the prevention manual, Compliance Officer training and support in filing RESU and ROS reports. Request an assessment for your organization.