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A new measure to control money laundering

Ecuadornews: The regulation that extends the obligations against this crime was defined in March and April. Artistic and raffle promoters will be obliged to report. You may have a perfectly legal business, but you are not free to be involved in money laundering. A disregarded...
Posted On 19 May 2017
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Lenin Moreno told bankers he will maintain dollarization

Ecuadornews: In a meeting with representatives of the banking sector in the capital, President-elect Lenin Moreno reiterated his commitment to uphold dollarization as an official currency and exchange rate regime. The appointment lasted more than one hour and was attended by...
Posted On 19 May 2017
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Swedish prosecution releases Julian Assange from charges

Ecuadornews: After 7 years of a standoff investigation over alleged rape of two women, Swedish prosecutors finally dropped the preliminary investigation. However, this does not assure Assange will not get rid of being extradited to the US to face charges on his leakage activities...
Posted On 19 May 2017
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Correa creates precedent for pardon in a case of embezzlement

Ecuadornews: In 10 years in office, Correa has pardoned 43 convicted, but only one for embezzlement. The presidential decision to pardon a convict for embezzlement, which is a crime of public administration, sets a controversial precedent in this type of pardon that previously...
Posted On 19 May 2017
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Attempt to declare Maduro “personae non gratae” failed

Ecuadornews: Attempt to declare Maduro “personae non gratae” failed The councilors of PAIS and its allied movements in the city of Quito blocked yesterday an initiative to declare the Venezuelan president Nicolas Maduro “persona non grata,” who has been...
Posted On 19 May 2017
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