“Análisis de los riesgos y las causas de la prevención del lavado de activos en las cooperativas del segmento Nro.1 del Distrito Metropolitano de Quito”

Abstract

This study focuses on money laundering risk management in cooperatives in segment No. 1 in Quito, Ecuador, highlighting the importance of preventive measures after the fiscal crisis of 2000. Laws such as the Law to Suppress Money Laundering, the Organic Law for the Prevention, Detection and Eradication of the Crime of Money Laundering, have been established, changing the supervision of illicit activities. The main causes that have led to money laundering are the lack of deficient internal controls and the lack of personnel training. In this context, a sample of six cooperatives was considered for the research, which shows that in the last three years all of them have implemented preventive policies. In addition, all offer annual training on money laundering and verify the identity of clients, showing a commitment to integrity and transparency to mitigate the risks caused by the absence of internal regulations. This indicates an initiative-taking risk management and protection of the financial system.