The Chile Financial Market Commission has issued a public alert and filed a complaint with the Public Prosecutor's Office against five entities offering credit through websites. The alleged conduct involves firms presenting themselves as supervised by the CMF despite not being registered or authorised, requiring advance payments from loan applicants and then failing to disburse the promised loans. The complaint concerns alleged fraud involving Prometheus Financial Cooperative, Credi Asset Group, Créditos Brokers, Condor Capital Cooperative and Credi Acceso. Prometheus Financial Cooperative is described as an imitator of Prometheus SpA, while Créditos Brokers is described as an imitator of Brokers SpA. The CMF also directed the public to its Fraud Alert website, which allows users to check whether a firm or individual is supervised by the CMF and to review alerts on unregulated entities or activities.
Chile Financial Market Commission 2026-05-05
Chile Financial Market Commission files fraud complaint and warns over five loan websites falsely claiming supervision and seeking upfront payments
The Chile Financial Market Commission has issued a public alert and filed a complaint with the Public Prosecutor's Office against five entities allegedly offering fraudulent credit while falsely claiming CMF supervision. The entities, including Prometheus Financial Cooperative, Credi Asset Group, Créditos Brokers, Condor Capital Cooperative and Credi Acceso, are accused of charging advance payments without disbursing loans, with two identified as imitators of authorised firms. The CMF also highlighted its Fraud Alert website for verifying supervised entities and reviewing alerts on unregulated activities.