El sector financiero y las actividades ilícitas en Colombia: un estudio de los ejercicios de control

Abstract

Currently the decision processes are strongly conditioned by the information available, which presses the need to homogenize it to reduce market risks. For the Colombian case, taking into account the history of drug trafficking that occurred in the 80s and 90s, a period in which the financial sector was involved in the money laundering and financing of terrorism, the framework exposed international regulation and how it was adopted in our country in order to mitigate and prevent money laundering and financing of terrorism in banks through the SARLAFT risk management system. Therefore, this research consisted of an analysis of four companies in the financial sector, to determine the application characteristics of SARLAFT, finding that, although there is a good level of implementation, there are opportunities for improvement that can contribute to the timely identification of risks of illicit activities, which results in safeguarding the public interest.