Regulatory Alerts2026-04-01
Superintendency Resolution No. 020-2026-SMV/10
The Peruvian Superintendency of the Market and Securities imposed a fine of 8 UIT (S/ 36,800.00) on Faro Capital Sociedad Administradora de Fondos S.A. for four infractions, including three serious violations related to Anti-Money Laundering and Counter-Terrorist Financing compliance. The sanctions stem from the company's failure to maintain a risk profiling methodology, neglecting semi-annual updates for non-resident clients, lacking an Internal Control System Manual, and submitting a Compliance Officer Report that omitted mandatory content. This resolution enforces adherence to regulatory standards regarding PLAFT norms and internal governance structures.
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