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FATF removes to Ecuador from its blacklist
Posted On 26 Jun 2015
Imagen: radiohuancavilca.com.ec
The announcement was made by the Attorney General’s Office (PGE): “The progress of Ecuador in terms of combating money laundering, terrorism and its financing allowed its removal from the classification of the Group of Financial Action Task Force (FATF), as a jurisdiction with strategic deficiencies in this area.”
The decision was taken by the FATF plenary meeting in Australia, after approving the report of the Review Group for International Cooperation, according to which, “Ecuador has made significant progress progress in strengthening its anti-money laundering regime and financing of terrorism.”
Among the points discussed by the agency are the proper criminalization of money laundering and terrorist financing, the establishment of adequate procedures to identify and freeze terrorists assets, and coordination for the supervision of the financial sector.
Sources: http://telegrafo.com.ec/economia/item/el-gafi-retira-a-ecuador-de-su-lista-de-riesgo.html
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