Diseño de un plan de mitigación de riesgo al lavado de activos para la Cooperativa de Ahorro y Crédito Mushuk Yuyay Ltda., de la ciudad de Cañar, provincia de Cañar

Abstract

This research aimed to design a plan to mitigate the risk of money laundering in the Cooperativa de Ahorro y Crédito Mushuk Yuyay Ltda., in Cañar city, Cañar province, based on the current legal regulations for the improvement of internal control in the determination of the origin of economic resources. On the other hand, the methodological study was of descriptive type since it narrated the existing problems of the investigation. In addition, a survey of the personnel of the financial entity was used, and the techniques were observation and documentary revision, with the purpose of obtaining sufficient and adequate information. Therefore, a series of deficiencies were identified, such as: the financial institution lacks an asset laundering mitigation plan, the absence of policies for declaring the origin and destination of resources for deposits equal to or greater than 1,000 dollars, and the lack of forensic audits in the cooperative. As a result, some employees were not trained in money laundering issues, which caused them to be unaware of the procedure to identify illicit activities and avoid the legitimization of economic resources through the financial system of the financial entity. Finally, the cooperative has established empirical internal controls to detect and prevent money laundering, which may affect whether the entity is used to legalize economic resources coming from illicit activities and harm the representatives, directors, and employees of the financial institution in indications of criminal responsibility. The proposal to the highest authorities of the Cooperativa de Ahorro y Crédito Mushuk Yuyay Ltda. is to implement the anti-money laundering plan to prevent financial transactions with illicit money for the purpose of legality.