The Chile Financial Market Commission (CMF) issued a public warning about entities offering loans online while falsely claiming CMF supervision and collecting advance payments for loans that do not materialise. The CMF also filed complaints with the Public Prosecutor’s Office for alleged fraud. The complaints relate to impersonators using the websites coopcandelaria dot cl (posing as Administradora de Fondos Candelaria S.A.), consorcioltda dot com (posing as Cooperativa Consorcio Asesorías Financieras Limitada), and sifac dot finance (posing as Servicios Financieros y Administración de Créditos Comerciales S.A.). The CMF directed the public to its Fraud Alerts page to verify whether an entity or individual is supervised, review alerts on unregulated entities or activities, and access investor and customer protection guidance.
Chile Financial Market Commission 2025-05-20
Chile Financial Market Commission warns of loan fraud impersonators and files complaints with the Public Prosecutor’s Office
The Chile Financial Market Commission (CMF) issued a warning about fraudulent entities offering online loans under false claims of CMF supervision and collecting advance payments for loans that do not materialize. Complaints were filed with the Public Prosecutor’s Office for alleged fraud involving impersonators using specific websites. The CMF advised the public to consult its Fraud Alerts page for verification and protection guidance.