- Compliance Center
- Ecuador
Ecuador
Regulations
This page provides AWS financial institution customers with information about the legal and regulatory requirements in Ecuador that may apply to their use of AWS services.
Yes. Financial institutions in Ecuador are permitted to use cloud services, provided that they comply with applicable legal and regulatory requirements, such as those described below.
The Superintendence of Banks (Superintendencia de Bancos or “SB”) and the Financial and Monetary Policy and Regulation Board (Junta de Política y Regulación Financiera y Monetaria) are Ecuador’s primary regulatory authorities responsible for the formulation of public policies, and the regulation and supervision of monetary, credit, exchange, financial, insurance, pension, and securities institutions.
The Financial and Monetary Policy and Regulation Board is the body responsible for issuing public policies and regulatory standards applicable to the Financial, Insurance and Securities System, which complement the Organic Monetary and Financial Code (Código Orgánico Monetario y Financiero).
The SB, in turn, is responsible for supervising and controlling all financial institutions, except for loans and savings cooperatives, which are regulated by the Superintendency of Popular and Solidarity Economy (Superintendencia de Economía Popular y Solidaria).
Financial Institutions in Ecuador may be subject to a number of different legal and regulatory considerations when they use cloud services.
Monetary and Financial Organic Code: Regulates Ecuador’s monetary and financial systems, as well as the securities and insurance regimes.
SB Book I.- control standards for Entities in the Public and private financial sectors, Title IX.- Risk Management and Administration, Chapter V.- Control standard for operational risk management: Regulates the structure, functioning, operations, control and risk management applicable to financial institutions in Ecuador.
Resolution No. SB-2018-771: Reforms the Operational Risk Management Control Standard and sets requirements for contracts signed by financial institutions.
Resolution No. 382-2017-F: Regulates the definition, qualification and operations of auxiliary services companies that provide services to financial institutions
Codification of Monetary and Financial Policy and Regulation Board Resolutions: Compiles and codifies resolutions on monetary, financial, securities and insurance matters, including transaction recording, risk management and service continuity.
Public Procurement Law (Organic Law of the National Public Procurement System): Regulates the contracting processes of works, goods and services by public sector entities, including state-owned financial institutions. (does not apply to private banks)
Ecuadorian Quality System Law: Establishes principles, policies and entities related to quality and conformity assessment, including technical requirements such as encryption standards.
Resolution No. SEPS-IGT-IGS-INSESF-INR-INGINT-INSEPS-IGJ-0116 (Control Standard For The Management Of Operational Risk In Entities In The Popular And Solidarity Financial Sector)
In the case of contracting cloud infrastructure, platform, and/or software services, whether from domestic or foreign providers, controlled entities must have, in accordance with the contracted service, a technical report, an information security report, and a legal report issued by the controlled entity's personnel, based on their competencies, in which the operational risks associated with the service and the respective management have been identified.
Additional fintech regulations:
Fintech Law (Organic Law for the Development, Regulation and Control of Technological Financial Services, 2022): Establishes the legal framework for fintech activities, mandates exclusive corporate purpose and licensing requirements for entities providing financial technology services.
Electronic Commerce, Electronic Signatures and Data Messages Law: This Law regulates data messages, electronic signatures, certification services, electronic and telematic contracting, and the provision of electronic services through information networks, including electronic commerce.
Resolution No. JPRF-F-2023-076: establishes the amendment of the Codification of Monetary, Financial, Securities and Insurance Resolutions, incorporating Chapter LXII: “Regulation for Technological Financial Services Entities.”
Decree 903, 2023 (Implementing Regulations of the Fintech Law): Implements the Fintech Law by defining authorization procedures, supervisory powers, cybersecurity requirements, and sandbox provisions under the authority of the Monetary and Financial Policy and Regulation Board.
Resolution No. JPRF-2025-0155: regulates entities that grant digital loans. This regulation requires that entities using big data and cloud computing must have a scalable and adaptable technological architecture capable of managing significant volumes of data and responding to the entity's fluctuating operational needs. Said entities must comprehensively manage and monitor services provided by third parties; this management includes: supplier selection; contracting; risk management; cloud computing; financial regulations; and information integrity.
Resolution BCE-GG-007-2026: regulates real-time electronic transfers and sets deadlines for payment networks to implement technological infrastructure and standards (key management, payment credentials, among others) and achieve full interoperability throughout the country.
AWS encourages its Financial Institution customers to obtain appropriate advice on their compliance with all regulatory and legal requirements that are relevant to their business, and local regulations, guidelines and laws.
AWS is committed to offering customers a strong compliance framework and advanced tools and security measures that customers can use to evaluate, meet, and demonstrate compliance with applicable legal and regulatory requirements.
Financial institutions who are using or planning to use AWS services can take the following steps to better understand their compliance needs:
1. Consider the purpose of the workload(s) under consideration and the relevant categories of data in order to anticipate which legal and regulatory requirements may apply.
2. Assess the materiality or criticality of the relevant workload(s) considering local requirements. For example, the SB requires financial institutions provide details of services to be contracted, including the analysis of operational, legal, technological, security, and continuity risks.
3. Review the AWS Shared Responsibility Model and map AWS responsibilities and customer responsibilities according to each AWS service that will be used. Customers can also use AWS Artifact to access AWS’s audit reports and conduct their assessment of the control responsibilities.
Customers that have further questions about how AWS services can enable their security and compliance needs, or that would like more information, can contact their account representative.
Financial institutions in Ecuador using AWS services should also consider applicable privacy requirements, including the Organic Law on Personal Data Protection (Ley Orgánica de Protección de Datos Personales, LOPDP), enacted in 2021, and its regulations issued in 2023. This framework establishes obligations for lawful processing of personal data, data subject rights, breach notifications, data transfers, and accountability measures, which are enforceable by the Superintendence of Personal Data Protection (SPDP).
In addition, the SPDP Resolution SPDP-SPD-2025-0006-R (April 2025) requires mandatory data protection clauses in all contracts that involve personal data processing, which is directly relevant when financial institutions contract with cloud service providers.
For cross-border data transfers to AWS Regions outside Ecuador, institutions must comply with the mechanisms established in Resolutions No. SPDP-SPD-2025-0024-R and SPDP-SPD-2026-0004-R.
Additionally, under the SPDP's Risk Management and Impact Assessment Guide (2nd edition, published March, 2026), large financial institutions are subject to the 'principle of scalability', requiring the implementation of robust frameworks such as ISO/IEC 42001 or DAMA-DMBOK, for example, to demonstrate compliance.
The SPDP has approved its 2026 Institutional Regulatory Plan (PIR), which serves as the official roadmap for issuing the secondary regulations necessary to fully implement the Organic Law on Data Protection. This plan was formalized through Resolution No. SPDP-SPD-2025-0050-R. The SPDP publishes the corresponding resolutions on its institutional website as they become official.
The AWS whitepaper, Using AWS in the Context of Common Privacy and Data Protection Considerations provides useful information to customers using AWS cloud services to store or process personal data.
Customers that have questions about the applicable regulations, and how these may apply to their use of AWS services, can reach out to their account representative.
Resources
General
Guía de Referencia Rápida sobre Seguridad y Conformidad de AWS
Mediante el uso de AWS, se beneficia de la gran cantidad de controles de seguridad que utilizamos, lo que reduce el número de controles de seguridad que necesita mantener. Sus propios programas de certificación y conformidad se fortalecen, al mismo tiempo que se reduce el costo vinculado con el mantenimiento y la ejecución de sus requisitos de control de seguridad específicos.
SOC Reports now available in Spanish
Translated SOC reports in Spanish will be published twice a year in alignment with the Fall and Spring reporting cycles. These reports are available in AWS Artifact.
Marco de seguridad cibernética NIST. Alineación con el NIST CSF en la nube de AWS
Los controles de seguridad 800-53 del Instituto Nacional de Normalización y Tecnología (NIST) pueden aplicarse de forma general a los sistemas de información federales de EE. UU. Los servicios y la infraestructura de la nube de AWS fueron validados por pruebas de terceros realizadas en función de los controles NIST 800-53 revisión 4, además de los requisitos adicionales de FedRAMP.
Payment Card Industry Data Security Standard (PCI DSS) on AWS
This guide provides customers with information to be able to plan for and document the Payment Card Industry Data Security Standard (PCI DSS) compliance of their AWS workloads. This includes the selection of controls that meet specific PCI DSS requirements, planning of evidence gathering to meet assessment testing procedures, and explaining their control implementation to their PCI Qualified Security Assessor (QSA).
Using AWS in the Context of Common Privacy and Data Protection Considerations
This document provides information to assist customers who want to use AWS to store or process content containing personal data, in the context of common privacy and data protection considerations. It will help customers understand the way AWS services operate, including how customers can address security and encrypt their content. The geographic locations where customers can choose to store content and other relevant considerations. The respective roles the customer and AWS each play in managing and securing content stored on AWS services.
AWS Compliance Quick Reference Guide
AWS has many compliance-enabling features that you can use for your regulated workloads in the AWS cloud. These features allow you to achieve a higher level of security at scale. Cloud-based compliance offers a lower cost of entry, easier operations, and improved agility by providing more oversight, security control, and central automation.
The purpose of this paper is to describe how AWS and our customers in the financial services industry achieve operational resilience using AWS services.
Data Classification and Secure Cloud Adoption
This paper provides insight into classification schemes for public and private organizations to leverage when moving data to the cloud. It identifies practices and models currently implemented by global first movers and early adopters, examines how implementation of these schemes can simplify cloud adoption, and recommends practices to harmonize national requirements to internationally recognized standards and frameworks.
AWS Policy Perspectives: Data Residency
This paper addresses: The real and perceived security risks expressed by governments when they demand in-country data residency. Commercial, public sector, and economic impact of in-country data residency policies with a focus on government data. Considerations for governments to evaluate before enforcing requirements that can unintentionally limit public sector digital transformation goals leading to increased cybersecurity risk.
This document is intended to provide information to assist AWS customers with integrating AWS into their existing control framework supporting their IT environment. This document includes a basic approach to evaluating AWS controls and provides information to assist customers with integrating control environments. This document also addresses AWS-specific information around general cloud computing compliance questions.
Guidelines for systematically reviewing and monitoring your AWS resources for security best practices.