In Ecuador, mining and energy suppliers have been newly categorized as obligated subjects required to report suspicious financial operations. This change expands the list of entities mandated to notify the Financial and Economic Analysis Unit (UAFE) about activities that may be related to money laundering. The regulation is part of the government's efforts to strengthen the mechanisms against financial crime within the country.

The decision to include mining and energy suppliers highlights the importance of these sectors in the national economy and acknowledges the potential risks associated with financial transactions in industries that are often linked to illicit activities. As such, it is crucial for these suppliers to enhance their compliance practices and implement robust internal controls for monitoring transactions.

This regulation reflects Ecuador's ongoing commitment to adhere to international standards in combating money laundering and terrorist financing. By increasing the number of subjects required to report suspicious activities, the government aims to create a more transparent financial environment, ultimately contributing to the integrity and stability of the financial system.