The boxes are named in keeping with the nomenclature used by the IFIS for different groups of accounts.

In the United States, government regulatory entities have the power to give monetary awards to employees who report illegal activities at their companies.

The Board will be the highest body to control, supervise and regulate matters relating to money laundering and terrorism financing.

We are in the season when companies must hold their annual general shareholders' meetings in order to review, their performance throughout the year and to define the strategy for next year

Companies incorporated in other countries can now change their nationality and may be domiciled in our country in accordance with Ecuadorian laws.

If any damages exist, they will be deemed null and void.

The U.S. FCPA makes it unlawful and penalizes U.S. companies, their directors and executives if they pay directly or through third parties anything of value to foreign public officials for purposes of obtaining unethical economic benefits.

U.S. authorities aggressively apply money anti-laundering and anti-corruption laws on persons and companies beyond the U.S. borders.

The SRI is legally able to gain access to all kinds of data, numbers and documents, provided that they are not protected by professional secrecy.

Ecuador has adopted, as national public policy, the full liberalization of air transport, with the exception of cabotage traffic ...

On February 12, 2018, the Office of Foreign Assets Control (OFAC) published additional explanations about sanctions relating to transactions with PDVSA and with Venezuelan Entities ...

Filing to submit those reports as mentioned above may also bring about sanctions ranging from fines to the closure of commercial establishments.

The Law on Incentives for Public-Private Alliances and its regulations include provisions approving local and international arbitration as a means for dispute resolution in relation to PPA contracts.

The Central Bank is authorized to issue securities known as TBCs (by their Spanish acronym). The TBCs are delivered to contractors as payment for goods or services provided to the Ecuadorian State.

This question is usually asked at the beginning of each year when taxpayers do not know, in whole or in part, the conditions that must be satisfied and the information that must be reported to the IRS.