AML/CTF/PF Prevention Manual in Ecuador
AML/CTF/PF Prevention Manual in Ecuador
Every company required to report to UAFE (Ecuador's Financial and Economic Analysis Unit) in Ecuador must have a manual for the prevention and detection of money laundering, terrorism financing, and other crimes. Learn its structure and who is required to have one.
Who Is Required to Have One?
It is mandatory for any individual or legal entity engaged in, among others: vehicle trading, construction and real estate, brokerage firms and fund managers, savings and credit cooperatives, jewelry and precious metals trading, notaries and property registrars, insurance, valuables transport and courier services, and the sale of installment purchase plans.
What Must the Manual Contain?
- Policies.
- Procedures.
- Forms.
- Responsibilities.
Manual Structure
- Policies and procedures.
- Information gathering.
- Delegation of responsibilities.
- Manual structure.
Our AML/CTF Consulting includes the preparation of this manual.
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