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.
Superintendency Resolution No. 020-2026-SMV/10 April 1, 2026
Faro Capital Sociedad Administradora de Fondos S.A. is sanctioned with a fine of 8 UIT, equivalent to S/ 36,800.00 (Thirty-six thousand eight hundred and 00/100 soles) for committing four (4) infractions: three (3) serious infractions typified in Annex I, numeral 2, subsection 2.31 of the Sanctions Regulation, and one (1) infraction typified in Annex XVI, numeral 2, subsection 2.10 of the Sanctions Regulation, for not having an Anti-Money Laundering and Counter-Terrorist Financing Prevention Manual containing a client LA/FT risk profiling methodology in accordance with PLAFT Standards; failing to comply with the PLAFT Manual by not reviewing and updating information on non-resident clients on a semi-annual basis; not having an Internal Control System Manual in accordance with the provisions of the regulations; and submitting the Compliance Officer Report without considering the minimum content established in the regulations.
Superintendency Resolution SASP No. 020-2026-SMV_ PDF 751.2 KB Download