San Salvador, April 22, 2024.- The National Commission of Digital Assets (CNAD) in El Salvador is intensifying its efforts to combat financial crimes, particularly focusing on the prevention of terrorist financing within the digital assets sector. In a recent initiative, CNAD conducted specialized training aimed at enhancing cybersecurity and regulatory compliance.
The training session, held during CNAD’s second Digital Ecosystem Meeting, brought together key stakeholders including representatives from the Financial Investigation Unit (FIU), the Attorney General’s Office of the Republic of El Salvador, and CNAD’s own directors. The agenda was packed with impactful sessions aimed at sharing insights and best practices to detect, prevent, and respond effectively to illicit financial activities, especially those related to terrorist financing.
The training covered a range of critical topics, including compliance requirements, risk mitigation strategies, and the use of technology in combating financial crimes. Interactive workshops and case studies moderated by CNAD’s directors, provided participants with practical knowledge and tools for identifying suspicious activities and ensuring compliance with anti-money laundering (AML) regulations.
This event underscored CNAD’s commitment to regulatory excellence and security, aligning with global efforts to prevent, investigate, and combat financial crimes. Juan Carlos Reyes, President of CNAD, highlighted the importance of collaboration between regulatory bodies and industry stakeholders in safeguarding the digital asset ecosystem, emphasizing the need for continuous efforts to maintain a secure and compliant digital environment.
Through strategic partnerships and collaborative initiatives like this, CNAD aims to foster a secure and trustworthy digital environment for investors, stakeholders, and the public in El Salvador.
About the National Commission of Digital Assets (CNAD)
The National Commission of Digital Assets (CNAD) in El Salvador is a regulatory authority dedicated to overseeing and promoting the development of the digital assets ecosystem. CNAD’s primary objectives include ensuring compliance with regulatory standards, fostering innovation, and maintaining a secure environment for digital asset transactions. Through strategic initiatives, collaborations with industry stakeholders, and continuous efforts to enhance regulatory frameworks, CNAD plays a pivotal role in shaping the future of digital finance in El Salvador and beyond. For more information, visit https://www.cnad.gob.sv.
