Sports betting operators as obliged subjects to report to UAFE
ECIJA Ecuador's Compliance team presents a new briefing note on Resolution No. UAFE-DG-2026-0005, by which the Financial and Economic Analysis Unit (UAFE) incorporates as obliged subjects to report sports betting operators in Ecuador.
The regulation establishes that natural or legal persons operating sports betting platforms must comply with specific obligations regarding the prevention of money laundering and the financing of crimes, in line with current regulatory standards.
Among the main aspects analysed, the obligation to implement a risk prevention system with a risk-based approach, the development of internal manuals, as well as the appointment and registration of a compliance officer with the UAFE stand out.
Obliged entities must also manage a registration code with the entity and comply with the established reporting and supervision requirements. The resolution provides for a period of three months to complete this process, which requires a prompt adaptation by operators in the sector.
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