Financial Crime World

Money Laundering in Ecuador and Latin America: A Comprehensive Overview

Introduction

Money laundering is a complex issue that affects many countries, including those in Latin America. It involves the concealment of illicitly obtained funds to make them appear legitimate. In this article, we will provide an overview of money laundering in Ecuador and Latin America, highlighting key references and resources.

Causes and Effects of Money Laundering

1. Accountability Report (2019)

  • Creating a culture of prevention and setting control and cautionary measures to minimize and eradicate money laundering.
  • Understanding the importance of accountability in preventing money laundering.

2. Andrade (2009)

  • The Prada case illustrates the complexities of money laundering in Ecuador.
  • Recognizing the challenges of combating money laundering in a complex environment.

Prevention Methods

3. Bareño (2009)

  • Accounting mechanisms to prevent and detect money laundering.
  • Implementing effective accounting practices to prevent money laundering.

4. Eslava (2013)

  • Control management in preventing money laundering.
  • The importance of robust control measures in combating money laundering.

International Cooperation

5. GAFILAT (2017)

  • International cooperation in preventing money laundering.
  • The role of international collaboration in combating money laundering.

Economic Impact

6. Inter-American Development Bank (2017)

  • The economic impact of money laundering in Latin America.
  • Understanding the economic consequences of money laundering.

7. UIAF (2014)

  • The economic dimension of money laundering.
  • Examining the economic effects of money laundering.

Conclusion

Money laundering is a complex issue that requires a comprehensive approach to prevent and combat. By understanding the causes, effects, and prevention methods, we can work towards creating a safer financial environment for all. The references provided in this article offer valuable insights into the topic, highlighting the importance of international cooperation and effective prevention measures.

References

  1. Accountability Report (2019)
  2. Andrade (2009)
  3. Bareño (2009)
  4. Calderón (2017)
  5. Calleja & Marcos (2013)
  6. Cobo (2001)
  7. Eslava (2013)
  8. Esteban et al. (2012)
  9. FINCEN (2017)
  10. Fuller (2008)
  11. GAFILAT (2017)
  12. Gilmour (2015)
  13. Hopton (2016)
  14. Inter-American Development Bank (2017)
  15. Internal Rents Service (2017)
  16. Luo (2014)
  17. Ministry of Interior (2018)
  18. Ministry of Justice (2014)
  19. National Assembly of Ecuador (2010)
  20. Normah et al. (2014)
  21. Perotti (2009)
  22. Rozas (2009)
  23. Servicio de Rentas Internas (2017)
  24. Soto (2014)
  25. UIAF (2014)