The Chile Financial Market Commission issued a public alert about four entities offering loans through websites and social media while claiming to be supervised by the CMF, and requiring applicants to make advance payments for loans that never materialize. The CMF has filed complaints with the Public Prosecutor’s Office for alleged fraud. Based on information gathered by the CMF Investigation Unit, the reported entities are Concreces Online (concreces.online), impersonating Concreces Leasing S.A. and Hipotecaria Concreces S.A.; Créditos Abaqus SpA (abaqusspa.com), impersonating Abaqus SpA; Servicio de Crédito Chile, operating through Facebook; and Islacoop, impersonating Cooperativa de Ahorro y Crédito Isla de Maipo Ltda (Islacoop), with no identified website. The CMF also directed the public to its Fraud Alerts Page, which allows users to verify whether an entity or person is supervised, review alerts from the CMF and foreign regulators on unregulated entities or activities, and access guidance for protecting financial clients.
Chile Financial Market Commission 2025-04-16
Chile Financial Market Commission warns of advance-fee loan scams and reports four impersonator entities to prosecutors
The Chile Financial Market Commission (CMF) alerted the public about four entities falsely claiming CMF supervision while offering loans online and requiring advance payments for loans that never materialize. The CMF filed fraud complaints with the Public Prosecutor’s Office against Concreces Online, Créditos Abaqus SpA, Servicio de Crédito Chile, and Islacoop. The CMF advises the public to use its Fraud Alerts Page to verify supervision status and access guidance on protecting financial clients.