Facilitation payments in the banana sector
On July 22, 2025, a specialized court in Antioquia issued a conviction against seven former executives of a multinational company in the banana sector.
Governace, Compliance and Risk Management
Content of Governace, Compliance and Risk Management
Stay informed with our publications, where we share experiences, best practices and legal strategies that help navigate the complex landscape of Governance, Compliance and Risk Management.
UBO disclosure & legal confidentiality
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.
New SARLAFT regulation
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...
Toward cryptocurrency regulation
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...
Data protection in the digital financial era
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.
ISO 37301
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...
Certificate of Exemption
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...
Analysis of T-113 of 2025
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.
Non-Financial Reporting 2025: Dates / requirements
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 Anti-bribery standard updated
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.