SPARLAFTD for Fund and Trust Administrators in Ecuador

AML/CTF Compliance for Fund and Trust Administrators

Fund and trust administrators manage third-party assets under structures that can be used to conceal the identity of the real beneficial owner. Líderes APLA designs their SPARLAFTD around the type of trust, the origin of the assets, and the profile of settlors and beneficiaries.

Critical Elements

• Due diligence on trust settlors and beneficiaries
• Beneficial owner identification in trust structures
• Red flags in asset contributions of unjustified origin
• Training for the Compliance Officer on reporting trust-related transactions

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.