Ecuador's Superintendence of Banks held a training and coordination workshop with compliance officers from public and private entities, with participation from the Financial and Economic Analysis Unit (UAFE) and the Superintendence of Popular and Solidarity Economy (SEPS), to reinforce supervision of the financial system and prevent money laundering and terrorist financing. The Superintendent of Banks, Roberto Romero von Buchwald, called for stronger control strategies and mechanisms to prevent organised crime from using Ecuadorian banking channels for illicit activity, indicating that supervision would be rigorous and that responsibility is shared across the system. The workshop focused on exchanging experience and good practices to strengthen internal controls and improve early detection of suspicious transactions, and highlighted compliance officers’ role as the first line of defence; UAFE and SEPS reiterated their support for the joint effort.
Superintendencia de Bancos de Ecuador 2025-02-25
Ecuador's Superintendence of Banks convenes compliance officers workshop to strengthen AML and CFT supervision
Ecuador's Superintendence of Banks held a workshop with compliance officers and other entities to enhance financial supervision and combat money laundering and terrorist financing. Superintendent Roberto Romero von Buchwald stressed robust control strategies and shared responsibility. The workshop focused on strengthening internal controls and early detection of suspicious transactions.