Regulatory Alerts1998-12-26 | 74Added · Updated
Regulations on Measures and Sanctions Applied by the Central Bank to Commercial Banks for Violations of Banking Legislation and Regulatory Documents
The document establishes the procedures and penalties for commercial banks, microcredit organizations, and pawnshops that violate Central Bank regulations, including breaches of mandatory reserve requirements, economic norms, payment discipline, currency operations, and reporting obligations. Sanctions include fines calculated as a percentage of the minimum authorized capital, restrictions on credit operations for up to six months, and directives to correct internal documents. The regulations specify fine amounts for various infractions, such as exceeding open currency position limits or failing to submit electronic payment documents correctly, and mandate that all fines be collected in the national currency.
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