Bank of Welfare Clarifies Sanctions of the CNBV and Guarantees Normal Operation
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9 Articles
The fines imposed on the Bank of Welfare by the National Banking and Securities Commission (CNBV) due to failures in its controls do not put at risk the savings of its clients, the Ministry of Finance and Public Credit (SHCP) said.The unit emphasized that the government financial institution “restricts that there is no property damage to its users and that it maintains its solvency and financial stability”.It specified that the sanctions corresp…
The Welfare Bank reported that the sanctions recently released correspond to administrative observations issued by the National Banking and Securities Commission (CNBV) during 2023, so that they do not represent an impact on the resources of users or on the funds allocated to the Welfare Programs. The institution specified that these observations do not involve irregularities in the management of resources, nor do they generate any kind of prope…
National Banking and Securities Commission imposed five fines on the Welfare Bank for 4.1 mdp, after detecting failures in operational controls.
The CNBV has fined the Welfare Bank on at least 25 occasions for operational problems and regulation. Jeanette Leyva Reus Despite being the main dispersor of the country's social programs, the Welfare Bank concentrates more than 25 fines in the last 18 months. According to the public records of the National Banking and Securities Commission (CNBV), the institution still faces operational and regulatory compliance problems. The report of fines an…
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eldiariodechihuahua.mxBank of Welfare states that the CNBV fines were for administrative observations and that they did not affect users or programs.
The Bank of Welfare, the main dispersor of resources from the social programs of the Federal Government, assured this Tuesday that there is no property damage to its users, in addition to maintaining its solvency and financial stability.The above, after the dissemination of the sanctions imposed on it recently by the National Banking and Securities Commission (CNBV) for various behaviors committed in previous years.
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