😱 Ecuador🇪🇨: betting operators will be required to provide information to prevent money laundering

Morgan Ellis

😱 Ecuador🇪🇨: betting operators will be required to provide information to prevent money laundering

This requirement from Ecuador’s Financial and Economic Analysis Unit (UAFE) is contained in Resolution No. UAFE-DG-2026-0005, which “responds to the growth of the sector and the risks identified in the use of digital platforms.”

🔹 Context: the sector in the country is not regulated, yet its annual economic volume already exceeds 70 million USD. Currently, the number of active betting user accounts stands at approximately 1.5 million.

🔹 New obligations for individuals or legal entities operating sports prediction platforms:

👉 report unusual or suspicious transactions

👉 implement risk prevention systems and appoint a specially trained compliance officer.

#news #Ecuador #gambling #betting

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Morgan Ellis

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