Recently the Pact of Supervisors of the Sector of Designated Non-Financial Professional Activities (DNFBP) was signed by the UIAF, Superintendence of Companies, the Superintendence of Notaries and Registry, Coljuegos and the Central Board of Accountants.
Under this framework, instruments and protocols were established that will allow, in accordance with the legal competencies of each entity, to exchange knowledge and good practices for the prevention and detection of money laundering and terrorist financing.
Within these protocols, there is the commitment to conduct worktables every six months to evaluate the country's progress against the Plan of Action for the Intensified Monitoring of the Financial Action Task Force for Latin America (GAFILAT).
“This will allow to reduce systemic gaps in supervision, homogenize and raise the risk-based supervision standard in all supervisors, in accordance with FATF standards.” Said UIAF director Javier Gutiérrez López
Finally, from this pact, working groups will be established to identify new types of money laundering and terrorist financing in the signatory sectors, as well as joint strategies to strengthen risk management systems.
