Skip to main content

Ecuador AML CFT Activities

In the latest Mutual Evaluation Report released by GAFILAT in January 2023, Ecuador was found to have made “significant efforts to identify and assess its money laundering and terrorist financing risks.”

The country developed and approved a national risk assessment in 2021, and competent authorities have a good understanding of the country’s ML/TF risks, according to the report.

However, there is still room for improving the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Ecuador. As such, the country’s authorities requested technical assistance from the EU Global Facility on AML/CFT. The project’s team conducted a scoping mission to the country in February 2023, where it met with relevant stakeholders in order to draft the most appropriate work programme to support Ecuador’s efforts to improve its national anti-money laundering and counter-terrorist financing framework. as defined under the Fourth and Fifth EU Anti-Money Laundering Directives.

Visit GAFILAT Website

Bilateral Activities

Starting date

February 2023

In the News