Germán Izabá

Germán Izabá is an advisor and consultant specializing in risk management related to the prevention of money laundering. He emphasizes the principle of innocence and the notion of free trade, stating that individuals are not obligated to know if their business transactions involve people linked to criminal activities. However, he highlights the responsibility of financial entities to comply with regulations from the National Council for Supervision of the Financial System (Conassif), which mandates transaction monitoring and the implementation of enhanced due diligence processes when dealing with sanctioned individuals.