Tackling money laundering in Colombia
January 13 2023
money laundering

Colombia’s Attorney General’s Office announced that, in collaboration with other public authorities, it reached record results against money laundering in 2022. Overall, it detected over USD 2.5 billion in illicit operations related to money laundering, representing a 56% increase from 2021.

Authorities stressed that, thanks to the investigations, roughly USD 6.4 million worth of goods were seized, and 109 criminal organizations were dismantled. Said organizations were primarily dedicated to laundering the proceeds of drug trafficking and related illicit activities.

Although these results prove that Colombia is strengthening its anti-money laundering capabilities, companies must continue to bolster their risk prevention systems: one of the most common money laundering mechanisms remains the use of corporations for this purpose.