{"id":6177,"date":"2025-09-08T18:13:08","date_gmt":"2025-09-08T23:13:08","guid":{"rendered":"https:\/\/paezmartin.com\/the-implementation-of-sagrilaft-progress-in-the-control-of-money-laundering-in-colombia\/"},"modified":"2026-03-25T15:38:37","modified_gmt":"2026-03-25T20:38:37","slug":"the-implementation-of-sagrilaft-progress-in-the-control-of-money-laundering-in-colombia","status":"publish","type":"post","link":"https:\/\/paezmartin.com\/en\/the-implementation-of-sagrilaft-progress-in-the-control-of-money-laundering-in-colombia\/","title":{"rendered":"The implementation of SAGRILAFT \u2013 Progress in the control of money laundering in Colombia"},"content":{"rendered":"\t\t
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In December 2020, the Superintendency of Companies issued External Circular No. 100-000016, which comprehensively modified Chapter X of its Basic Legal Circular, establishing new rules for Self-Control and Comprehensive Risk Management of Money Laundering, Terrorism Financing and Financing of the Proliferation of Weapons of Mass Destruction (SAGRILAFT).<\/span> <\/span><\/p>

Implementation obligation <\/strong><\/p>

This regulation aims to ensure that companies supervised by the Superintendency of Companies implement robust systems for self-control, management, identification, segmentation, qualification and constant updating of risks related to money laundering and terrorist financing.<\/span> <\/span><\/p>

Companies that, in the immediately preceding year, have reported income or assets equal to or greater than 1,000 current legal monthly minimum wages (SMMLV) are required to implement SAGRILAFT.<\/span> <\/span><\/p>

Sectors under special surveillance <\/strong><\/p>

This includes specific companies and activities such as:<\/span> <\/span><\/p>

  • Real estate agents<\/span> <\/span><\/li><\/ul>
    • Precious metals trading<\/span> <\/span><\/li><\/ul>
      • Legal and accounting services<\/span> <\/span><\/li><\/ul>
        • Construction of buildings and civil engineering works<\/span> <\/span><\/li><\/ul>
          • Services related to virtual assets<\/span> <\/span><\/li><\/ul>

            In addition, sectors subject to special supervision include:<\/span> <\/span><\/p>

            • Administrators of commercial self-financing plans<\/span> <\/span><\/li><\/ul>
              • Payroll loan operators<\/span> <\/span><\/li><\/ul>
                • Multi-level marketing activities<\/span> <\/span><\/li><\/ul>
                  • Livestock funds<\/span> <\/span><\/li><\/ul>
                    • Factoring companies<\/span> <\/span><\/li><\/ul>

                      Content and structure of SAGRILAFT<\/strong> <\/span><\/p>

                      The system must contain, among other components:<\/span> <\/span><\/p>

                      • Internal policies for the prevention of money laundering and terrorist financing.<\/span> <\/span><\/li><\/ul>
                        • Plans for the design, approval, monitoring and continuous improvement of the system.<\/span> <\/span><\/li><\/ul>
                          • Dissemination and training mechanisms aimed at all levels of the organization.<\/span> <\/span><\/li><\/ul>
                            • Manuals that define rules of conduct, functions and responsibilities of administrators, employees and related third parties.<\/span> <\/span><\/li><\/ul>

                              Those responsible for implementation <\/strong><\/p>

                              The responsibility lies with the company’s highest governing bodies: the shareholders’ meeting, the board of directors, the legal representative, and the statutory auditor. It is recommended to have a Compliance Officer and specialized audits to ensure the effectiveness of the Anti-Money Laundering and Counter-Terrorist Financing System (SAGRILAFT). <\/span> <\/span><\/p>

                              The role of the Compliance Officer <\/strong><\/p>

                              This person must be a qualified individual with technical knowledge in risk management, occupy a strategic position in the organizational structure, have autonomy to make decisions regarding compliance, and report directly to the highest governing body.<\/span> <\/span><\/p>

                              In business groups, the same Compliance Officer can serve in the parent company and subsidiaries.<\/span> <\/span><\/p>

                              Training and support <\/strong><\/p>

                              Given the complexity and importance of the SAGRILAFT (Anti-Money Laundering and Counter-Terrorist Financing System), it is recommended that companies seek specialized advice to implement it correctly. Furthermore, training courses are available for compliance officers to professionalize this crucial function. <\/span> <\/span><\/p>

                              Contact and support <\/strong><\/p>

                              For advice on the implementation of SAGRILAFT and training as a compliance officer, specialized services and courses are offered, such as those available through law firms and recognized training entities.<\/span> <\/span><\/p>

                              <\/span><\/p>

                              Implementing SAGRILAFT represents a significant step forward in the fight against money laundering and terrorist financing in Colombia, strengthening the integrity and sustainability of the business sector.<\/span> <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

                              In December 2020, the Superintendency of Companies issued External Circular No. 100-000016, which comprehensively modified Chapter X of its Basic […]<\/p>\n","protected":false},"author":1,"featured_media":6178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[49],"tags":[],"class_list":["post-6177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sagrilaft-ptee"],"_links":{"self":[{"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/posts\/6177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/comments?post=6177"}],"version-history":[{"count":1,"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/posts\/6177\/revisions"}],"predecessor-version":[{"id":6179,"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/posts\/6177\/revisions\/6179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/media\/6178"}],"wp:attachment":[{"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/media?parent=6177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/categories?post=6177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paezmartin.com\/en\/wp-json\/wp\/v2\/tags?post=6177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}