The Superintendence of Companies, Securities, and Insurance has opened, through its website, the registration and qualification for companies and entities’ compliance officers subject to comply with anti-money laundering provisions.

This procedure will be carried out using the legal representative’s account and according to the ninth digit of the company’s Taxpayers Registry (RUC), as follows:

Who are qualified as regulated entities?

In accordance with the provisions of the Organic Law for the Prevention, Detection and Eradication of Money Laundering and Financing of Crimes:

• Fund and trust administrators.
• Companies engaged in the commercialization of vehicles.
• Real estate, construction investment, and brokerage companies.
• Companies engaged in the domestic and international transportation of packages, couriers, and courier services, including their operators, agents, and agencies.
• Companies engaged in domestic or international money or value transfer services, including their operators, agents, and agencies.
• National and international money transport services, transport for monetary species, and securities.
• Companies engaged in the promotion of artistic events, and organization of raffles and racetracks.
• Companies that provide factoring services.
• Companies engaged in tourism operations, including tourism agencies.
• Companies engaged in the trading of jewelry, precious metals, and stones.

What are the implications if the upload is done incorrectly?

If the Superintendence of Companies, Securities, and Insurance finds, during the online registration and qualification process, that the compliance officer does not meet the established requirements, incurs in prohibitions, or has submitted documentation that has been altered or fraudulently manipulated, their designation will be revoked, and they will not have the possibility of being designated again.

© TobarZVS 

This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.

© TobarZVS 

This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.

The Superintendence of Companies, Values, and Insurances, on January 22, 2024, issued resolution No. SCVS-INAF-DNF-2024-003, which outlines the amounts that companies, and other entities under its supervision, are obliged to pay as contributions for the year 2024.

1. For those companies that file their financial statements until April 30, 2024, the contribution will be calculated based on the following scale:

2. The contribution for companies that file their financial statements after April 30 will be calculated at 1 per 1000 of the amount of real assets.
   
   
3. Companies whose assets do not exceed USD $75,000 will not be required to pay any corporate contribution.
   
   
4. Companies that have deposited at least 50% of the contribution due by September 30, 2024, will be able to pay the remaining percentage by December 31, 2024, without surcharges or penalties.
   
   
5. Holding companies and their related parties may submit their consolidated financial statements within the first four-month period and will pay the contribution on the actual assets reflected in such consolidated statements.
   
   
6. The contribution of foreign companies will be calculated on the actual assets recorded or declared in the financial statements submitted to the Superintendence of Companies.

© TobarZVS 

This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.