Colombia Crypto Market Faces Stricter Bank Checks After SFC Update
The post Colombia Crypto Market Faces Stricter Bank Checks After SFC Update appeared on BitcoinEthereumNews.com. Colombia’s SARLAFT update increases checks on digital asset transactions for banks. Banks review crypto-linked transfers more closely under updated SFC compliance tools. P2P crypto traders face more scrutiny when using local bank transfers and records. Colombia is strengthening financial risk oversight after the Superintendencia Financiera de Colombia updated its SARLAFT supervisory tools. The updated module is aimed at supervised entities and may increase compliance scrutiny around transactions linked to digital asset platforms. The SFC said the update applies to supervised financial entities. It is aimed at compliance officers, risk managers, and officials handling money laundering and terrorist financing controls. Colombia Crypto Transfers Face Tighter Checks The agency said the tools are also available to public entities, private firms, citizens, and other interested par