Since June 21, 2020, the reforms to the Criminal Code in Ecuador came into force, this reform contains several incorporations of norms to mitigate corruption issues and prevention of money laundering, among others.
Among the main reforms that were aimed at mitigating corruption are the following:
Property, funds or assets and products owned are included for criminal confiscation.
from third parties, when these have been acquired with the knowledge that they come from the commission of a crime or to make it impossible to confiscate the property of the sentenced person. (Art. 69.2 COIP)
The scam committed through a company of fictitious origin that misleads another person, in order to carry out an act that damages their assets or that of a third party, is typified. The legal person is also sanctioned with a fine of up to 200 SBU. (Art. 186.6 COIP)