SPARLAFTD for Foundations and NGOs in Ecuador
EcuadorAML/CTF Compliance for Foundations and NGOs
Foundations and non-profit organizations handle donations, international cooperation funds, and beneficiary transfers that expose them to a particular terrorism-financing risk, per FATF Recommendation 8. Líderes APLA designs their SPARLAFTD around the origin of funds, the recipients, and the geographic scope of their programs.
Critical Elements
- Due diligence on donors and program beneficiaries.
- Red flags in international cooperation transfers.
- Verification of the final destination of funds received.
- Training for directors and operating staff on reporting 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.
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