Regulatory Alerts2026-01-01 | JPRFM-2026-024-AJPRFM-2026-024-A — Approves the Reform of Section 6 "Administration of Money Laundering and Financing of Crimes Risk" of the Central Bank of Ecuador Governance Resolutions Codification
The Financial and Monetary Policy and Regulation Board (JPRFM) issued Resolution JPRFM-2026-024-A to approve the reform of the Central Bank of Ecuador's governance resolutions regarding money laundering and financing of crimes risk administration. The resolution replaces the previous Section 6 with a new Section 7 that establishes comprehensive processes, definitions, and risk-based methodologies for detecting, preventing, and mitigating these risks. It mandates the implementation of a specific risk management program, including a risk matrix and internal controls, to ensure the Central Bank complies with national laws and international standards set by the Financial Action Task Force.
Share