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LatinNews Regional Monitor: Andean Group - 23 August 2018
Introduction
In this August edition of Latin American Regional Report: Andean Group we begin by looking at Peru where from January 2019, the country’s savings and credit cooperatives will be subject to financial regulation by the Superintendencia de Banca y Seguros y AFP (SBS), the autonomous government agency responsible for the regulation and supervision of the Peruvian financial system. The number of savings and credit cooperatives in Peru has grown exponentially in the past five years yet until now their financial regulation has been entirely voluntary, enabling widespread money laundering. We consider the background to the change which was approved by the national congress on 6 June despite sustained opposition from Keiko Fujimori’s Fuerza Popular party during the bill’s earlier phases.
- Colombia’s Farc puts forward first proposed bill
- In brief: Bolivia
- Brazil’s public security minister visits Colombia
- Introduction
- Money laundering in Peru’s cooperatives sector
- Social acceptability concerns threaten Colombia’s mining sector
- Bolivia’s changing socioeconomic inequality and class structure
- Hyperinflation razes the Venezuelan economy
- Economic Highlights