AplaSoft — Due Diligence and AML/CTF Risk Matrix for Ecuador

With AplaSoft, apply Ecuador's AML/CTF/PF Prevention Regulations in an agile, secure and automated way. It helps you detect early warnings about your organization's commercial, employment and contractual relationships, and carries every finding into the risk matrix with no paperwork or double data entry.

• 100% cloud-based operation: no installation or complex configuration required.
• Reports in minutes: generate detailed due diligence reports backed by the date and time of the search.
• Real-time searches: run bulk or individual searches directly against official information sources.
• Flexible integration: integrates easily with your company's systems via API.
• Plans tailored to you: search plans with no expiration date, so you can download your reports whenever you need them.
• Custom lists: create internal control lists of people your company does not wish to do business with.

How does AplaSoft work?

AplaSoft allows organizations to gain in-depth knowledge of their clients, suppliers, employees and any counterparty, obtaining real-time evidence of the findings.

Why choose AplaSoft?

Optimize your team's time and reduce reputational and legal risk compared with a traditional manual process.

Core modules and features

Control list searches (national and international)

Our platform connects in real time to multiple key lists that are constantly updated:

• PEP database: searches aligned with current regulations, including popularly elected authorities, public officials and others.
• National and provincial most wanted: people wanted by the National Police.
• Criminal sanctions: people sanctioned for money laundering or predicate offenses.
• Judicial Council court cases: people with court cases for predicate offenses (drug trafficking, tax fraud, corruption, smuggling, human trafficking, among others).
• INTERPOL Red Notices: people wanted internationally for various crimes.
• Shell companies, among other lists under permanent update.
• International lists: connection with the OFAC list (Clinton List), the United Nations (UN) Security Council, DEA, FBI and others.

Comprehensive risk matrix (AML/CTF/PF)

Fully manage the risk-based Prevention cycle under a configurable methodology:

• Context analysis: identification of internal and external factors.
• Red flag management: identification of typologies according to your organization's reality.
• Rating scales: enter your own scales aligned with your policies.
• Control assessment: measure the effectiveness of the measures implemented.
• Dynamic heat maps: visualize your risks graphically.

Corporate management and compliance

• Centralized documentary evidence: back up every control within the platform to make audits and inspections easier, reducing reliance on emails or scattered files.
• Delegation of responsibilities: assign tasks to different areas, track activities and maintain visibility over compliance.
• Simple, intuitive interface: designed for easy navigation, flexible configuration and a minimal learning curve.

Designed for any obligated entity in Ecuador

• Savings and credit cooperatives
• Real estate and construction companies
• Vehicle dealers
• Business groups
• Cash-in-transit and courier services
• Fund and trust managers
• Jewelry and precious stone dealers
• Mining
• Notary offices
• Factoring
• Foundations and NGOs
• Other obligated entities
• Political organizations
• Property registrars
• Consortiums
• Universities
• Central credit unions

Key benefits for the organization

• Drastically reduces legal, contagion, operational and reputational risks.
• Makes internal and external audits and regulatory inspections easier and faster.
• Improves risk-based strategic decision-making.
• Maintains full traceability of all risk management information.