Governace, Compliance and Risk Management
Stay informed with our publications, where we share experiences, best practices, and legal strategies to help you navigate the complex landscape of Governance, Compliance, and Risk Management
The Superintendency of Corporations, through External Circular 100-000020 dated July 2, 2026, issued a new Basic Legal Circular, repealing the circulars that previously regulated the SAGRILAFT and the PTEE separately. In this context, the new Chapter IX combined the former Chapters X and XIII, consolidating the guidelines applicable to the Self-Regulation and Risk Management System for ML/TF/FPADM...
The Superintendency of Industry and Commerce (SIC) has published the draft resolution amending Title V of the Single Circular. The reforms incorporate the provisions of Statutory Laws 2157 of 2021 and 2573 of 2026, strengthening the protection of citizens against undue negative reports, amendment of the obligations of those responsible to the RNBD, identity theft, and barriers to accessing information.
Every year, companies must comply with certain corporate and legal obligations to ensure proper operations, regulatory compliance, and the mitigation of sanctioning risks.
On July 22, 2025, a specialized court in Antioquia issued a conviction against seven former executives of a multinational company in the banana sector.
The Superintendence of Companies, through Official Letter No. 220-158863 dated July 21, 2022, reiterated that the identification of the ultimate beneficial owner is mandatory for entities required to implement systems for the prevention of money laundering, terrorist financing, and the proliferation of weapons (SAGRILAFT), in accordance with Law 2195 of 2022.
On May 8, 2025, the National Tax and Customs Directorate (DIAN) issued Resolution 000210, marking a milestone in the regulation of professionals engaged in the purchase and sale of foreign currency. This regulation not only redefines the requirements and conditions for remaining registered in the official registry but also establishes a new comprehensive approach to the Risk Management System for...
The world has changed the way money is made, transferred, and traded. In the technological realm, currency has become digital, it is no longer tangible. With the widespread adoption and exponential growth of cryptocurrencies in society, there is a growing need for legal frameworks to adapt to this evolution, align with the changes of the modern world, and for government and financial institutions...
The Superintendency of Industry and Commerce, in its most recent statement, introduced a draft circular aimed at instructing all data controllers and processors within the Fintech ecosystem—covering business models, applications, and processes that use technological means to provide financial services—on the handling of personal data.
The ISO 37301 standard is an essential tool for developing and strengthening a culture of compliance within organizations and companies today. This international standard sets out guidelines for planning, implementing, operating, and evaluating an effective compliance management system. Its adoption helps organizations prevent legal, operational, and reputational risks, while fostering ethical conduct...
In Colombia, individuals or legal entities that produce, store, use, acquire, import, export, or commercialize controlled chemical substances must obtain a Certificate of No Report for Drug Trafficking, commonly known as the CCITE. This document certifies that the applicant has no links to drug trafficking offenses and allows them to legally handle substances regulated due to their potential use in...
Ruling T-113 of 2025 issued by the Constitutional Court of Colombia has set a great precedent in terms of compliance obligations in the financial sphere, focusing particularly on SARLAFT, whose acronym relates to the System for the Administration of the Risk of Money Laundering and Financing of Terrorism.
On March 14, 2025, the Superintendence of Companies (SuperSociedades) issued Circular 100-000002, introducing significant changes in the presentation of non-financial reports. These reports are essential for the SuperSociedades, in its role of inspection, control, and supervision, to understand the legal, accounting, economic, and administrative situation of the companies under its oversight.
ISO 37001, the international standard for the Anti-Bribery Management System, which sets out the requirements and provides guidance for implementing, maintaining, and improving the anti-bribery management system, helping organizations prevent, detect, and respond to bribery, as well as comply with laws and voluntary commitments related to the fight against corruption, was updated in February 2025.
The District Legal Secretary issued Directive 005 of 2025, which provides recommendations for non-profit entities (ESAL) domiciled in Bogotá to develop and implement a Business Transparency and Ethics Program (PTEE).
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