Regulatory Alerts2026-01-01 | JPRFM-2026-023-TResolution JPRFM-2026-023-T Approving the Reform of Chapter I on the Administration of Money Laundering and Other Crime Financing Risk
The Financial and Monetary Policy and Regulation Board (JPRFM) issued Resolution JPRFM-2026-023-T to approve the reform of Chapter I regarding the administration of money laundering and other crime financing risk within the Codification of Monetary, Financial, Securities, and Insurance Resolutions. This resolution mandates that all financial obligated subjects implement a comprehensive Anti-Money Laundering and Counter-Terrorist Financing (PARLAFT) program to detect, prevent, mitigate, and manage associated risks. The document establishes strict definitions, risk-based approaches, and due diligence requirements to ensure compliance with Ecuadorian laws and international standards set by the Financial Action Task Force (FATF).
Share