Yes, he can. Here is a technical answer, what is “right” will have many, many opinions. From a search of CC- going back to 2009:
http://talk.collegeconfidential.com/hispanic-students/641650-hispanic-latino-defined-aka-am-i-hispanic.html
And from the official website of the National Hispanic Recognition Program:
https://www.collegeboard.org/psat-nmsqt/scores/using-results/scholarships-recognition/national-hispanic-recognition-program
His mother came from Colombia, so he would be considered latino.