Colombia’s Fight Against Money Laundering Reaches New Heights

Unprecedented Results in 2022

In a major breakthrough in its fight against money laundering, Colombia has reported a record-breaking USD 2.5 billion in illicit operations detected in 2022. This significant increase of 56% from the previous year marks a major milestone in the country’s efforts to eradicate this crime.

Collaborative Effort Leads to Dismantling of 109 Criminal Organizations

A joint effort between public authorities has been instrumental in dismantling 109 criminal organizations primarily involved in laundering proceeds from drug trafficking and related activities. These investigations have also led to the seizure of approximately USD 6.4 million worth of goods.

Key Statistics

• Record-breaking detection: USD 2.5 billion in illicit operations detected in 2022, a 56% increase from the previous year.
• Dismantled organizations: 109 criminal organizations dismantled as part of the investigations.
• Seized assets: Approximately USD 6.4 million worth of goods seized.

Experts Warn of Continued Threats

While these results demonstrate Colombia’s strengthening anti-money laundering capabilities, experts warn that companies must remain vigilant. One of the most prevalent money laundering mechanisms continues to be the use of corporations for this purpose. As a result, businesses are advised to bolster their risk prevention systems to prevent falling victim to such illicit activities.

Tips for Businesses

• Enhance risk prevention systems: Companies should strengthen their risk prevention systems to identify and prevent potential money laundering activities.
• Stay alert: Remain vigilant and proactive in detecting suspicious transactions and activities.
• Comply with regulations: Ensure compliance with anti-money laundering regulations and laws.