SPARLAFTD for Notary Offices in Ecuador

AML/CTF Compliance for the Notarial Sector

Notary offices take part in formalizing asset transfers, company incorporations, and other high-value acts that make them obligated entities under UAFE reporting requirements. Líderes APLA designs their SPARLAFTD around the type of notarized act, the amounts involved, and the profile of the parties.

Critical Elements

• Due diligence on the parties to each notarial act.
• Red flags in high-value asset transfers.
• Source-of-funds verification in company incorporations.
• Training for the notary and support staff on reporting suspicious 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.