Banco Guayaquil faces Ecuador probe over possible money laundering
Updated
Updated · Bloomberg · May 7
Banco Guayaquil faces Ecuador probe over possible money laundering
9 articles · Updated · Bloomberg · May 7
The Superintendencia de Bancos said regulators are jointly seeking the bank’s transaction-monitoring alerts and suspicious activity reports from 2021 to 2024.
The investigation centres on possible money-laundering activity at Ecuador’s third-biggest bank by net profit, potentially increasing scrutiny of its compliance and reporting systems.
No findings or penalties were announced. The case marks a significant regulatory challenge for one of Ecuador’s largest lenders as authorities examine past anti-money-laundering controls.
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