Ecuador: still on the FATF list, despite promulgation of the COIP

Ecuador remains in the list of the Financial Action Task Force (FATF) of countries that do not cooperate in the fight against money laundering and terrorist financing. This was confirmed by the entity, which also recognized the promulgation of the Organic Comprehensive Criminal...

Ecuador remains deficient against money laundering and terrorist financing

The Financial Action Task Force (FATF) published its updated list of deficient countries in the fight against money laundering and the financing of terrorism, in which Ecuador is maintained with Algeria, Indonesia and Myanmar. The FATF, which requested its members and other...
Ex director of Deportivo Quito is arrested

Ex director of Deportivo Quito is arrested

Fernando M. Director of the Deportivo Quito, was arrested along with four others (his wife Myriam R., and his son David M. and Lourdes D. Jorge S.), in the midst of a criminal trial for an alleged money-laundering. The financial analysis unit made several inquiries and...