Regulatory Alerts2022-01-01 | JPRF-V-2022-024Resolution No. JPRF-V-2022-024: Update of the Anti-Money Laundering Standard with a Risk-Based Approach for the Securities Sector
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-V-2022-024 to fully replace the anti-money laundering and counter-terrorist financing regulations for the securities sector in Ecuador. This resolution aligns national standards with the 40 Recommendations of the Financial Action Task Force (FATF) by establishing a risk-based approach for supervised entities, including stock exchanges, securities firms, and fund administrators. It mandates the implementation of specific policies, procedures, and due diligence measures to prevent the use of the financial system for illicit activities.
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