The National Banking and Securities Commission (CNBV) sanctioned Intercam, Cibanco and Vector Casa de Bolsa, indicated by the US last June 25 of alleged money laundering, with 185 million 223 thousand pesos together.
According to The newspaper El Universalthe CNBV, in its sanctions update to Julio, imposed 16 fines on Interm for an amount of 44.5 million pesos (MDP) and 10 to Inter -Bolsa de Bolsa, for 47.5 MDP; He also gave 16 sanctions to Cibanco for 53.3 MDP and 5 to CI Casa de Bolsa for 13.3 MDP.
“According to the CNBV, in the case of Intercam Banco, all the infractions were classified entirely under the concept of irregularities in money laundering prevention, which point to deficiencies in the internal controls required by law to identify, report and mitigate unusual or suspicious operations. The fines for Intercam Banco were between 977 thousand 130 pesos and more than 2.9 million pesos.”
In the case of vector, the CNBV imposed six fines for Vector Casa de Bolsa with an accumulated amount of 26 million 460 thousand 500 pesos, for various infractions to the Market Law of Securities and Applicable Provisions, he added.
“In detail, five of the fines, each for 5 million 51 thousand 550 pesos, correspond to breaches related to the delivery of information to investors. Among the reasons are the omission of obligations on information prospects of the investment funds, as well as the lack of clear notices in the client’s account states regarding modifications in said prospects.” The newspaper added.
According to the publication, the sanctions applied against Cibanco are identified by the regulator for irregularities in money laundering prevention, which as a whole total 52.2 million pesos.
Follow business information and today in Forbes Mexico
Do you like to inform yourself for Google News? Follow our showcase to have the best stories
