The Portuguese Securities Commission (CMVM) published three anonymized administrative infraction decisions covering breaches by an investment firm and a statutory auditor, as well as a failure to meet anti-money laundering and countering the financing of terrorism (AML/CFT) obligations. The sanctions comprise a formal reprimand and fines totaling EUR 25,000. The investment firm received a formal reprimand for failing to assess the suitability and appropriateness of services or transactions provided to clients. A statutory auditor was fined EUR 15,000 for deficiencies in documenting audit procedures addressing assessed risks of material misstatement, including risks related to related-party transactions. A further EUR 10,000 fine concerned failure to examine suspicious or high-risk transactions as required under AML/CFT rules.
2026-03-25Portuguese Securities Commission (CMVM)
Portuguese Securities Commission publishes three enforcement decisions, imposing fines totaling EUR 25,000
The Portuguese Securities Commission published three anonymized enforcement decisions involving investment firm, audit and AML/CFT breaches. The sanctions included a formal reprimand and fines totaling EUR 25,000.