Ecuador is on the FATF list of countries that have been identified as having strategic AML deficiencies.

According to the last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Ecuador (2011),  Ecuador was deemed Compliant for 1 and Largely Compliant for 13 of the the Financial Action Task Force (FATF) 40 + 9 Recommendations. It was Partially Compliant or Non-Compliant for 5 of the 6 Core Recommendations.

The training and activities conducted by the EU Global Facility on AML/CFT seek 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.