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Ecuador is preparing to leave the FATF list
Posted On 23 Jun 2015
Image: Expreso
Monday began the process of exclusion of Ecuador from the FATF Public Statement with the approval of the report of the Review Group of the Americas.
A communiqué from the Office of the Attorney General said that the decision reflects the fact that “Ecuador has successfully completed its Plan of Action at a technical level, to consolidate its anti money laundering regime and against terrorist financing.”
According to the attorney, “after having been subject of observations from June 2012, Ecuador, through the CONCLA, has developed and implemented an action plan to strengthen the anti-money laundering regime and terrorist financing, in order to overcome such deficiencies.”
Thus, it is expected that at the plenary of the FATF, that starts tomorrow in Australia, the report on the progress of Ecuador is approved and to this effect to schedule an in situ verification of a group of technicians.
Sources: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8102405&idcat=38229&tipo=2
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