The Central Bank of Uruguay has issued a public warning after detecting fraudulent investment and credit offers that use forged documents bearing the Bank’s logo to falsely imply official authorisation. The Bank said the scheme is designed to mislead the public and create confusion about the legitimacy of the services being offered. The Central Bank emphasised it does not issue certificates that prove the licences it grants, and urged caution where proposals show red flags such as documents featuring the Bank’s logo and purported signatures of its authorities, requests for upfront payments into personal accounts, demands for payments to release supposed profits or cover administrative costs before granting a loan, unusually favourable credit terms, promises of very high returns over very short periods, or financial advice provided by individuals not registered with the Central Bank. It also reminded the public that acting as an Investment Adviser in Uruguay’s securities market requires a specific licence under Law No. 18,627 and applicable regulations, and pointed to its official website tools to verify registration with the Superintendency of Financial Services.
Central Bank of Uruguay 2025-07-02
Central Bank of Uruguay warns of investment and credit scams using forged documents and its logo
The Central Bank of Uruguay has issued a warning about fraudulent investment and credit offers using forged documents with the Bank's logo to falsely imply official authorization. The Bank highlighted red flags such as requests for upfront payments, unusually favorable credit terms, and unregistered financial advice. It reminded the public that acting as an Investment Adviser requires a specific license under Law No. 18,627.