SPARLAFTD for Programmed Purchase Plan Companies in Ecuador

AML/CTF Compliance for Programmed Purchase Plans

Companies that sell programmed purchase plans manage periodic contributions from a large number of subscribers, which calls for strong controls against structured or undeclared-origin contributions. Líderes APLA designs their SPARLAFTD around subscriber volume and payment method.

Critical Elements

• Due diligence on plan subscribers and beneficiaries.
• Red flags in structured contributions or atypical advance payments.
• Risk matrix by plan type and payment method.
• Training for the sales force and the Compliance Officer.

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.