External Audit of SPARLAFTD in Ecuador

It is a professional, systematic examination that verifies whether an organization rigorously complies with the applicable laws, regulations, internal policies, and sector standards. Our specialized service identifies deviations, assesses risks, and detects opportunities for improvement to ensure that your operations are fully legal and efficient.

Who must commission this external SPARLAFTD audit?

This service is aimed at companies classified as obligated subjects that must report to the UAFE (Ecuador's Financial and Economic Analysis Unit) and that fall under the oversight of the Superintendency of Companies, Securities and Insurance (SCVS) within the corporate sector.

Companies must undergo this mandatory examination if they meet at least one of the following thresholds (verified against the prior year's financial statements):

• Assets: equal to or greater than USD 500,000.
• Revenue: equal to or greater than USD 1,000,000 in the audited period.
• Transactions reported to the UAFE: for amounts equal to or greater than USD 1,000,000.

Regulated sectors and industries

This service specifically covers SCVS companies engaged in:

• Vehicle sales.
• Mining activities.
• Trade in jewelry and precious metals.
• Factoring.
• Construction.
• Real estate activities.
• Domestic or international transfer of money, securities, or money remittances.

Objectives and benefits of the service

Core objectives: to evaluate, verify, and issue a technical opinion on the level of compliance with AML/CTF Prevention standards; to issue a reasonable conclusion on the overall quality and effectiveness of the SPARLAFTD implemented at your institution.

What is the purpose of undergoing this audit?

• True effectiveness: understand how effective your company's current prevention system truly is.
• Preventive compliance: take timely corrective action to avoid severe fines and penalties for non-compliance.
• Gap detection: identify specific risks and deviations, pinpointing the exact areas where internal rules or manuals are not being followed.
• Reputation: build collective trust and strengthen the preventive culture within the organization.

Strict regulatory compliance with:

• Resolution SCVS-INC-DNCDN-2025-0004.
• Resolution SCVS-INC-DNCDN-2024-0005.
• Article 34 of the Organic Law for the Prevention, Detection, and Combating of Money Laundering and the Financing of Other Crimes.

Methodology and deliverables

Our audits are carried out under a strict risk-based approach, in accordance with the International Standards on Auditing (ISA). This ensures an objective assessment of the SPARLAFTD's effectiveness, aligned at all times with the SCVS's current guidelines.

Upon completion of the process, a Compliance Audit Report is formally delivered, transparently detailing the level of observance of prevention standards, the audit procedures applied, the analytical results, the conclusions of the examination, and the corresponding strategic recommendations.

Strengthen your prevention system alongside accredited experts!