Implementación de la unidad de cumplimiento en la Empresa De Howitt Enríquez Cía. Ltda., de la ciudad de Riobamba, en observancia de las normas de prevención de lavado de activos y control de riesgos

Abstract

This research focuses on the creation of the Compliance Department for De Howitt Enriquez Limited Company (DHE), during its development, there was a focus on concepts regarding the used terminology in research which highlights aspects of national interest on money-laundering, a topic which is taking significant importance in the country as there is a growth of domestic and international criminal gangs, criminals who are interested on money-laundering as a product of their illegal activities, and who are seeking for various ways to launder money, for this reason regulatory agencies such as Superintendencia de Compañías del Ecuador (SCE) will take measures to prevent the illicit cash flow in our economic system, expanding the segment to the trading of vehicles which are obliged to inform the regulation agency through the Financial Analysis Department. The Department implementation is framed in the resolution SC.DSC.G.13.010 adoption, published in the Official Gazette No. 112, October 30, 2013 issued by SCE, where the need for the Compliance Department creation is intended, regulated by a Code of Ethics and Operating Policies, Procedures and Control for the prevention of money-laundering and other crimes. The Department is responsible for the monitoring and surveillance of current assets, to prevent the illegal money entering the company DHE as a transaction from vehicles commercialization. In the company there is absolute lack of procedures implementation to prevent money-laundering and terrorist financing, also selling policies that the company manages affect its revenues and it can be object of money- laundering, since the company does not grant credit to customers, receives total cash sales, without requesting documents which support the origin of the money.