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Weekly Report - 05 December 2024 (WR-24-48)

ECUADOR: Congress rejects money laundering bill

The looming first round of Ecuador’s general election in February is causing tensions to rise between President Daniel Noboa and the national assembly. Whilst Noboa has generally enjoyed reasonable levels of support from legislators on issues related to organised crime, that is now changing as parties draw their battle lines ahead of the election. This new dynamic was visible in the rejection on 27 November of a government bill that Noboa said would tighten restrictions on money laundering, but which the opposition argued was a tax raid in disguise.

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