Evaluación de la prevención de lavado de activos en base a la resolución No. JPRF-F-2022-049 de la junta de política y regulación financiera en cooperativas de ahorro y crédito en la ciudad de Quito en el año 2023

Abstract

The evaluation of the prevention of money laundering is a critical process that seeks to reduce the risks associated with this criminal activity in the financial sector. In the context of resolution No. JPRF-F-2022- 049 of the Financial Policy and Regulation Board, a regulatory framework is established that guides Savings and Credit Cooperatives in the city of Quito to strengthen their prevention procedures and policies. The main objective of this study was to examine the effectiveness of the measures that were implemented in these cooperatives in 2023, evaluating their monitoring strategies, identification strategies and reporting of suspicious activities. The methodology used included surveys with managers, internal audits and document reviews, in order to achieve a more comprehensive view of the current situation. The results indicated that, despite all the efforts made, there were areas for improvement in staff training and also the implementation of new technologies that facilitated data analysis. Collaboration between different cooperatives and regulatory identities are essential to develop a stronger approach where the integrity of the financial system is guaranteed.