Operational Risk and Money Laundering Prevention Model for Financial Institutions
DOI:
https://doi.org/10.55204/pcc.v3i2.e25Keywords:
Management Model, Operational Risk, Prevention, Money Laundering, SEPSAbstract
Financial intermediation is an activity of yesteryear that has allowed the movement of money, and has also built the improvement of the culture and understanding of the use of money through policies and processes. Problem. The objective of this research is to design an operational risk model based on the prevention of money laundering in the savings and credit cooperatives of segment 1, through the use of the 279-2018 and 637-2020-F standards issued by the different control entities for better monitoring of the institutions. The methodology used for the treatment of the inquiry has a mixed approach based on quantitative and qualitative data; the quantitative data are in accordance with the variables exposed in the risk research focused on the prevention of money laundering, our variables are complementary with the Ecuadorian regulations where the study starts and the management of the field research from surveys for the extraction of information. Results. Discussion. The management model prioritizes the creation of new policies and procedures for the rigorous control of partners and clients and through the risk methodology, the best practices in the prevention of money laundering and financing of terrorism are considered
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