Chile

Censured for failing to submit required information on time for the quarters ending December 2024, March 2025 and June 2025. The majority imposed no fine; one commissioner would have fined UF 120. The company had asked to cancel its registration, which the CMF cancelled on 9 June 2026.

Fined UF 100 for not sending 12-month movement and balance statements to savings-account-at-term holders with an average monthly balance of at least UF 10. The Council counted conduct from March 2022 only, because of the four-year limit, and put the affected holders at 10,079. A second charge on accounting treatment was dismissed.

Director of Compañía Chilena de Fósforos S.A. who, on 15 May 2024 within the 30 days before the company disclosed its financial statements, sold 36,110 shares and bought the same number through his own company, and did not report the trades. He admitted responsibility under the simplified procedure and received a censure with no fine. Appealable by reposición or reclamo de ilegalidad.

Fined UF 238.14 (CLF is the ISO code for the Unidad de Fomento) for not consulting the Registro Nacional de Deudores de Pensiones de Alimentos before granting consumer credits above 50 UF in 2024 and for not withholding or paying amounts owed; the bank admitted responsibility for six operations. The resolution is not final and is appealable; one Council member dissented.

Fined UF 2,656.46 (CLF is the ISO code for the Unidad de Fomento) for not consulting the Registro Nacional de Deudores de Pensiones de Alimentos before granting consumer credit above 50 UF in 27 operations between May and October 2024, and so not withholding or paying the alimony owed. The proposed fine of UF 3,545.38 was cut by UF 888.92 for two operations whose debts had been paid beforehand. The bank admitted responsibility in a simplified procedure; the CMF noted eight prior sanctions in five years. Appealable by reposición or reclamo de ilegalidad.

Censured for filing its financial statements for the period ended 30 June 2025 late (due 30 July 2025, first sent 15 August with errors, final version 25 August). No fine was imposed. The company argued it had only been authorised in April 2025; the CMF rejected this as a defence but weighed it in setting the sanction.

Fined UF 6,000 for providing false information on its financial position in 2023: it recorded as collected a badly issued cheque that was never deposited, and used a current account to make a client's long-overdue debts look current, which improved its reported net equity and asset-coverage ratios. The CMF classed the infractions as serious (press release 19 Aug 2026). Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Alternate director of Schwager S.A. who bought 39,000,000 shares on 13 May 2024 and 4-6 March and 5 May 2025 within the 30 days before the company disclosed its financial statements, and did not report some trades on time. He admitted responsibility under the simplified procedure and was fined 350 UF (CLF); no other sanction was imposed.

Fined UF 400 because it did not require Factop to deliver audited financial statements every six months and weakly assessed the invoices Factop offered and assigned to its private debt fund. Amount from the CMF press release of 10 Jul 2026 (the resolution text read stopped before its operative part). Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 180, the largest of six sanctions in one resolution, for failing its continuous reporting duties as a professional sports organisation under the simplified procedure after admitting responsibility. The resolution also censured Trasandino S.A.D.P. and fined Club Deportivo San Marcos de Arica (UF 60), Barnechea (UF 120), Deportes Temuco (UF 120) and Audax Italiano La Florida (UF 60), which are not listed separately here. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 100 for filing its financial information late, a breach of continuous disclosure duties; the CMF set the amount after the company admitted responsibility and considered a censure given to it in 2025. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 600 for not applying due care and diligence when selecting the factoring company Factop for invoice investments, not telling investors and the public of the fall in the unit value of its Facturas fund after its indirect Factop exposure, and not periodically assessing the fall in the underlying private fund's value. Resolution header dated 25 Jun 2026; press release 3 Jul 2026. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 208.81 for breaching Art. 28 of the alimony law: the bank granted instalment consumer credits above 50 UF between November 2024 and April 2025 to people identified as alimony debtors, without checking the Registro Nacional de Deudores de Pensiones de Alimentos, withholding the required part of the loan or paying the beneficiary. The bank admitted responsibility in writing. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 329.17 for breaching Art. 28 of the alimony law: the bank granted instalment consumer credits above 50 UF between June and November 2024 to five people identified as alimony debtors, without checking the Registro Nacional de Deudores de Pensiones de Alimentos, withholding the required part of the loan or paying the beneficiary. The bank admitted responsibility in writing. The proposed fine of UF 359.92 was reduced to UF 329.17 after the bank late-paid one of the debts. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 272.26 for breaching Art. 28 of the alimony law: the bank granted instalment consumer credits above 50 UF in August 2024 to three people identified as alimony debtors, without checking the Registro Nacional de Deudores de Pensiones de Alimentos, withholding the required part of the loan or paying the beneficiary. The bank admitted responsibility in writing. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 109.64 for breaching Art. 28 of the alimony law: the bank granted a consumer credit of about CLP 50 million (roughly 54.82 UF) on 12 July 2024 to a person later identified as an alimony debtor, without checking the Registro Nacional de Deudores de Pensiones de Alimentos, withholding the required part of the loan or paying the beneficiary. The bank admitted responsibility in writing. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 367.33 for breaching Art. 28 of the alimony law: the bank granted consumer credits above 50 UF in January and August 2024 and January 2025 to people recorded as alimony debtors, without checking the Registro Nacional de Deudores de Pensiones de Alimentos, withholding the required part of the loan or paying the beneficiary. The bank admitted responsibility in writing. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 150 for selling policies between October 2021 and January 2025 through sales agents who were not registered and through brokers whose registration had been cancelled. Resolution dated 30 Apr 2026; press release 11 May 2026. Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 300 for not sending the CMF information required by Circular N° 1 between 15 January 2024 and 5 June 2025, and for not reporting in the required form an 8 October 2024 incident that interrupted its payment processing. The CMF said the breaches did not affect the public but hindered supervision (CMF register date 4 Mar 2026; press release 19 Mar 2026). Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Censured for charging interest above the maximum conventional rate in 365 credit operations between August 2023 and March 2025, mostly through a solidarity-fund contribution that the CMF treated as interest. The cooperative refunded the excess (about CLP 11.1 million); one commissioner dissented and would have fined UF 280.

Fined UF 100 for selling some policies between June 2022 and June 2025 through unregistered sales agents, and for leaving out a mention that Circular 2.123 requires in some group insurance enrolment proposals (press release 6 Mar 2026). Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 100 for selling some policies between June 2022 and June 2025 through unregistered sales agents and through brokers whose registrations had been cancelled (press release 6 Mar 2026, which covers this and the MetLife fine). Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 100 for selling at least 5,349 policies between July 2023 and June 2025 through at least 155 sales agents who were not in the Registro de Agentes de Ventas de Seguros (press release 17 Feb 2026). Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 234 for running a foreign-currency reserve (encaje) deficit of USD 830,303 between 9 March and 8 April 2025 without acting in time. The bank has since merged into Banco BICE, its legal successor (CMF register date 9 Feb 2026; press release 17 Feb 2026). Fine in Unidades de Fomento (CLF is the ISO code for the UF).

Fined UF 2,500 because, from April 2023 to January 2025, it reported a lower than correct delta EVE sensitivity (banking-book market risk) in its R13 regulatory file, and its controls did not catch the error. The bank already held capital above the minimum, so it only reallocated components of its effective equity. Resolution dated 22 Jan 2026 (CMF register 23 Jan 2026; press release 30 Jan 2026). Fine in Unidades de Fomento (CLF is the ISO code for the UF).

The CMF revoked the company's authorisation of existence and removed it from the card issuers' register because it did not meet the liquidity reserve and minimum capital requirements under its regularisation plan. The company must liquidate and may not carry on its exclusive line of business.