How Much Money Does the Criminal Economy Move in Ecuador? Daniel Noboa’s Urgent Bill Does Not Detail Its Value or Where It Is Washed

The National Assembly will open its 2025-2029 period with the treatment of a presidential bill that would seek to dissolve the irregular businesses that finance criminal groups, although it is unknown how much money they move in the formal economy and where.

Ecuador’s president, Daniel Noboa, has proposed reforms to the Comprehensive Criminal Organic Code (COIP) that include prison sentences for belonging to criminal gangs, raids and detentions without a warrant. These measures are similar to the model applied by Nayib Bukele in El Salvador. Although it is an urgent law in economic matters, the draft law on the