10014011-Fortalecimiento de las capacidades técnicas para la lucha contra los flujos financieros en América Latina

Summary

The regional project "Combating Illicit Financial Flows in Latin America - ImpactaIFF" aims to strengthen institutional capacities to combat illicit financial flows in Latin America. To this end, it has the Financial Action Task Force of Latin America (GAFILAT) as its main implementing partner. It should be noted that, as a regional project, it will involve stakeholders from Ecuador, Peru, and Mexico. The project"s objectives focus on three key areas: the agency"s institutional capacity, the technical capacity of specialists, and the sharing of best practices among countries. This has been framed within the "follow the money" approach of German development cooperation in the fight against illicit financial flows, combined with a gender perspective. This provides a holistic approach to combating illicit financial flows in the areas of prevention, financial investigation, and asset recovery. This project will coordinate with relevant stakeholders in Latin America by supporting regional organizations-such as the Financial Action Task Force of Latin America (GAFILAT)-in effectively fulfilling their mandate to combat illicit financial flows. It will also focus on working with relevant stakeholders in the areas of illicit financial flows in Ecuador, Mexico, and Peru, such as Financial Intelligence Units, the Superintendency of Banking and Insurance, and prosecutors" offices, among others. Finally, this project contributes to the implementation of the BMZ position paper "Perspectives on Latin America and the Caribbean" by strengthening institutions in the fight against money laundering and terrorist financing. It is also aligned with the BMZ"s sectoral strategy "Good Financial Governance," as it promotes transparency and integrity in the financial system. Finally, it promotes the international standards set forth by the United Nations Convention against Corruption (UNCAC) and the recommendations of the Financial Action Task Force (FATF).