Honduras and Ecuador courts issue major rulings on asset recovery and money laundering

In Honduras, the Court of Appeals of Francisco Morazán has confirmed a ruling to recover more than $4.2 million linked to the ‘mobile hospitals’ case. The funds are tied to financial products held by Axel Gamaliel López Guzmán through the company Elmer Medical System Inc. in bank accounts located in the United States. This marks the first definitive asset forfeiture sentence in the country that requires international legal assistance to recover assets held abroad.

Separately, in Ecuador, two individuals, Mauro Andrés J. B. and Juan Martín R. G., have been sentenced to 10 years in prison for money laundering. The court found them responsible for laundering approximately $3.6 million through illegal digital business schemes involving cryptoassets. In addition to the prison terms, the magistrates ordered a financial penalty totaling triple the value of the illicit funds.