finance
Ecuadorian Regulators Open Joint Probe Into Banco Guayaquil
Financial regulators in Ecuador have opened an investigation into possible money laundering at the country’s third-biggest bank by net profit. The joint probe targets Banco Guayaquil, according to a report by @business. Authorities have not disclosed further details of the inquiry.
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Financial regulators in Ecuador have launched a joint probe into possible money laundering at Banco Guayaquil. The bank is the nation’s third-biggest by net profit. The investigation centers on possible money laundering, @business reported.
Ecuadorian authorities have not released additional information about the scope of the probe or any specific transactions under review. Banco Guayaquil has not issued a public statement on the matter. The development marks the latest regulatory scrutiny of a major financial institution in the country.
No charges have been filed and the inquiry remains at an early stage.
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