Incoop sancionó a 5 entidades por fallas en control antilavado

The National Institute of Cooperativism has established its first sanctioning regime for non-compliance in the area of anti-money laundering prevention. This historic measure marks a significant shift in supervision, whereby even small solidarity entities face substantial fines for regulatory shortcomings. Although the inspection efforts have prioritized savings and credit cooperatives, the main focus lies in strengthening the integrity of the cooperative financial sector. The imposition of these penalties demonstrates the regulator’s determination to enforce strict compliance with international standards, regardless of the size of the institution. This transparency is crucial for the field of open data, as it sets a precedent in the publication of regulatory and compliance information. By making supervisory processes and the consequences of non-compliance visible, it promotes public accountability. This enables civil society and researchers to analyze the effectiveness of prevention policies and the overall health of the cooperative sector.

Source: ultimahora.com
Published on 2024-12-13

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