Regulatory Alerts2025-01-01 | JPRFM-2025-006-GJPRFM-2025-006-G — Authorizes the Interior Ministry to open a yen account at MUFG Bank to manage Japan's donation to Ecuador for National Police patrol capacity, per the Economy and Finance report
The Financial and Monetary Policy and Regulation Board of Ecuador authorizes the Ministry of the Interior to open and maintain a yen-denominated current account at MUFG Bank Ltd. in Tokyo to manage a Japanese government donation aimed at strengthening the National Police's patrol operational capacity. The Ministry assumes absolute responsibility for the account's management, resource administration, and fulfillment of the donation's objectives, while remaining subject to strict oversight and reporting requirements. The Ministry must notify the Ministry of Economy and Finance and the Central Bank of Ecuador of the account's opening and closing dates, and is mandated to close the account immediately upon completion of its designated purpose.
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