The UAFE identified USD 600 million linked to money laundering

José Julio Neira, acting director of UAFE and Secretary of Public Integrity, announced the discovery of more than USD 600 million linked to money laundering so far in 2024. The statement was made during a televised interview on June 11.

The figure represents an unprecedented increase, resulting from an intensified oversight policy. This achievement reflects the technical and political commitment of Daniel Noboa's government.

UAFE has increased inspections by 155% compared to previous years, detecting suspicious operations in mining, real estate, and top-level cars.These industries were usual hotspots for concealment by financial mafias.

Currently, the team is leading 24 proceedings for financial crimes, compared to a previous average of only eight. Neira stated that he personally monitors each case in the Prosecutor's Office and Judiciary.

The strategy also includes reforms to Sercop to prevent corrupt contractors from infiltrating the State. The reforms aim to shield public procurement from organized crime.

Meanwhile, work is underway on a regulation that prohibits suppliers from bringing cell phones into the Sercop building. The measure seeks to reduce digital manipulation in bidding processes.

Neira announced that Ecuador will join a trinational operation with Peru and Colombia against illegal mining. This regional effort will be coordinated directly from the Secretariat of Public Integrity.

The effectiveness of UAFE, under the current leadership, is proof of what can be achieved with political will, presidential support, and committed technical teams.

Daniel Noboa's government continues to take firm steps in the structural fight against criminal economies that affected the country in previous years.