Aggregated News From Investment Management Regulators

CMF files charges against the “Alianza de Créditos” firm for alleged fraud

Report/Flag

Please complete the required fields.



February 26, 2020.- On February 25, 2020 the Financial Market Commission (CMF) filed a complaint against any responsible parties before the Public Prosecutor’s Office for alleged fraud. According to information gathered by the CMF’s Investigation Unit, the firm known as “Alianza de Créditos” collected advance payments from people who applied for a loan and did not receive the agreed funds. Said entity, which claimed to be supervised by the Commission, neither has such status nor is registered in its rolls.

As the complaint details, “Alianza de Créditos” used its website to target people in need of loans. Such individuals were offered a loan by requesting an advance payment of money that would supposedly be used to cover necessary expenses for granting it, e.g. the collection of alleged notary fees or fines by the regulator.

Considering both the facts described and that “Alianza de Créditos” is not an entity supervised by the Commission, the Board of the CMF decided to file fraud charges according to Article 468 of the Criminal Code.

The Commission stresses that the full list of persons and entities under its supervision is available to the general public on its website. It is always recommended to verify the information available on anyone offering financial products and services.

Source link

Regulator Information

Recent Articles

AMF and ACPR announce the withdrawal of BYKEPS SAS’s registration as a DASP

The company BYKEP SAS was registered as a DASP by the AMF, after receiving a positive opinion from the ACPR, on 18 February 2021, for the activities of custody of digital assets and buying or selling

CVM condemns controlling shareholder of São Paulo Turismo SA for abuse of power of control

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

RC.No.4540 – Recovery Proceedings under RC.No.4540 Fact Enterprise Ltd. (PAN: AAACF0955A) in the matter of Ravi Kumar Distilleries Ltd. – General Remittance Orders...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

EBA publishes Guidelines on transferability to support the resolvability assessment for transfer strategies

The European Banking Authority (EBA) today published its final Guidelines on transferability to support the resolvability assessment for transfer strategies.

Get the latest from Regulatory.News in your inbox!

×