Ecuador remains on FATF Blacklist

Posted on October 8, 2013 • Filed under: Crime, Ecuador reported that Ecuador will stay another year in the list of non-cooperative countries in the fight against money laundering and terrorist financing, due to the lengthy approval process Comprehensive Organic Penal Code (COIP), which includes these figures toughen penalties for such offenses.

This was stated by the Attorney General, Diego Garcia, who said that this situation will be laid before the meeting of the Financial Action Task Force (FATF), to be installed between 14 and 18 October next, to assess the progress of Ecuador in the control of these crimes. Read Article

If you are considering moving to Ecuador you should read this book.

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