Venezuela’s Superintendence of Savings Banks (Sudeca), an attached body of the Ministry of Economy and Finance, convened its first congress on preventing money laundering and terrorist financing in the savings banks sector, positioning it as a forum to reinforce safeguards for members’ assets and sector integrity. The event was held at the premises of Venezuela’s insurance supervisor, the Superintendence of Insurance Activity (Sudeaseg), in Caracas. Sudeca’s superintendent, Joel González, outlined supervisory and sector-strengthening actions delivered through in-person and online advisory work, citing 244 inspections that resulted in 96 exhortations and 105 complaints processed. He also reported 902 training activities in September 2025 reaching 7,333 representatives and members, and pointed to sector investment and economic growth during that month. Separate sessions focused on effective implementation of the sector’s AML/CFT rules, the role of a national risk assessment in improving prevention systems for money laundering, terrorist financing and proliferation financing, and the need to address technology-driven risks in digital payments through stronger regulatory frameworks and increased public-private collaboration.
Ministry of Economy & Finance (Venezuela) 2025-10-31
Venezuela's Ministry of Economy and Finance’s Sudeca hosts first AML CFT congress for the savings banks sector
Venezuela’s Superintendence of Savings Banks (Sudeca) held its first congress on preventing money laundering and terrorist financing, emphasizing asset protection and sector integrity. Superintendent Joel González highlighted supervisory actions, including 244 inspections and 902 training activities in September 2025. Discussions addressed AML/CFT rule implementation, national risk assessment, and technology-driven risks in digital payments.