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The Colombian Financial Regulator presented a new version of the money laundering risk management system

The Financial Supervisory Authority of Colombia presented a new version of the risk management system for money laundering and terrorist financing (Sarlaft). This was reported by Colombia Fintech in an article published on September 6th.

“The Colombian Financial Supervisory Authority has presented the new version of the risk management system for money laundering and terrorist financing (Sarlaft). The aim of this commitment is to reaffirm the commitment to full convergence with the recommendations of the FATF, in line with the outcome of the Mutual Assessment Report carried out by the International Monetary Fund (IMF).”They stated in the publication.

As mentioned earlier, the control company stated, “These new guidelines are in line with the best international standards and the deadline for adoption by financial system companies is one year.”

The Colombian Financial Regulator presented a new version of the money laundering risk management system
The Colombian Financial Regulator presented a new version of the money laundering risk management system

Additionally, from Colombia Fintech, they highlighted the following: With Sarlaft 4.0, the Superfinanciera is opening a space to promote the adoption of innovation issues and deepen financial inclusion. This would be thanks to the advancement of technological mechanisms that make it easier to connect new customers.

“This new bet will enable faster financial inclusion, less cumbersome and even offers the opportunity to enable new ways of customer recognition through face or voice recognition. According to the company, the focus is changing as new technology is incorporated and recognized to change the way in which risk is measured, ”the release said.

They added that this change in approach would allow innovation to be used to make risk management more efficient and cost-effective.

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