Regulatory Alerts2026-06-03 | CDMF-XXI-2-26Norm on Imposing Sanctions on Supervised Entities and Other Obligated Subjects for Non-Compliance with Measures Regarding the Freezing of Funds or Other Assets Related to Terrorism, Proliferation of WMDs and Their Financing
The Monetary and Financial Board of Nicaragua issued Resolution CDMF-XXI-2-26 to establish a consolidated framework of administrative sanctions for supervised financial entities and obligated subjects failing to comply with asset freezing measures under Presidential Decrees 09-2025 and 15-2018. The regulation defines specific monetary penalty ranges based on the severity of infractions, calculated against net worth or credit portfolios for institutions, and against national minimum wage units for individuals and specific service providers. It categorizes violations into minor, moderate, and grave offenses, including failures to detect designated assets, inadequate internal controls, and unauthorized disclosure of suspicious activity reports, while also authorizing additional sanctions such as operational suspensions.