The Chile Financial Market Commission (CMF) issued a public warning about three website-based entities offering loans while falsely claiming CMF supervision, and reported them to the Public Prosecutor’s Office for alleged fraud linked to advance-fee schemes. Based on information gathered by the CMF Investigation Unit, the entities requested upfront payments from applicants for loans that never materialised. The complaints relate to Financiera Arauco (impersonating Celulosa Arauco via arauco dot finance), Big Sky Cooperativa (impersonating Big Sky VC S.A. via bigskyvc dot finance), and Cooperativa de Ahorro y Crédito Principal (impersonating Principal AGF via principalcl dot com). The CMF also directed the public to its Fraud Alerts Page, which allows users to verify whether a person or entity is supervised by the CMF and to review alerts on unregulated entities or activities.
Chile Financial Market Commission 2025-06-10
Chile Financial Market Commission warns of three fake loan providers and files fraud complaints with the Public Prosecutor’s Office
The Chile Financial Market Commission (CMF) warned about three entities falsely claiming CMF supervision while offering loans and reported them for alleged advance-fee fraud. Financiera Arauco, Big Sky Cooperativa, and Cooperativa de Ahorro y Crédito Principal requested upfront payments for loans that never materialized. The CMF advised the public to use its Fraud Alerts Page to verify supervision and review alerts on unregulated entities.