Ecuador's Superintendence of Banks announced an institutional modernisation project, supported by the United States Embassy and the Organization of American States, to strengthen supervisory and risk-control mechanisms for money laundering, with a focus on identifying and monitoring politically exposed persons (PEPs). The initiative includes developing an interoperable technology platform with advanced analytics, automated alerts, strategic data visualisation, and financial crime prevention tools aligned with Financial Action Task Force standards. Stated impact indicators include broad adoption of the PEP query platform across Ecuador’s banking system and improved inter-institutional information sharing to streamline enhanced due diligence processes.
Superintendencia de Bancos de Ecuador 2025-07-17
Ecuador's Superintendence of Banks advances the CLEAR platform project to strengthen PEP monitoring and anti-money laundering supervision
Ecuador's Superintendence of Banks launched a modernization project to enhance supervisory and risk-control mechanisms for money laundering, focusing on politically exposed persons. Supported by the U.S. Embassy and the Organization of American States, the initiative includes an interoperable technology platform with advanced analytics and financial crime prevention tools. The project aims for widespread adoption of the PEP query platform and improved information sharing.