Everything You Need to Know About Sarlaft, the System Against Money Laundering

Bogotá Executive Partner Enrique Gómez-Pinzón was mentioned in an article by Asuntos Legales about the Risk Management System for Money Laundering and Terrorist Financing (Sarlaft) in Colombia. The article explained how this mechanism works to prevent monitored entities from carrying out operations with assets from illicit activities such as drug trafficking, human trafficking or terrorism. Mr. Gómez-Pinzón highlighted that the Superintendency of Corporations has established a self-control and risk management system that companies must implement, including training and dissemination of anti-money laundering policies. The article also addressed the criminal and administrative sanctions that can be applied in cases of terrorist financing or money laundering.

"The Sagrilaft policy is an articulated policy of all the bodies of the company, directed by the compliance officer. Therefore, the Circular of the Superintendency of Corporations defines the functions of each body in particular," he said.

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