The Securities Market Commission (CMVM) imposed a fine of €150,000 in an administrative offense process, decided at the end of 2022, as announced this Wednesday by the entity. Of the 15 cases closed, only one had a fine.
The process in question was decided on December 21 of last year and concerns a “violation of the auditors’ duties, in particular the duty to close the audit file and the duty of sufficient documentation”, indicates the entity led by Luís Laginha de Souza (pictured).
The process was disclosed on an anonymous basis, without identifying the target company.
In the other 14 administrative offense proceedings, the CMVM applied only one reprimand. In three of them, the defendants are the venture capital companies Quadrantis Capital, Cedrus Atlântica and Growth Partners Capital. All were targeted “for breach of duties within the framework of the prevention of money laundering and terrorist financing, namely the duty to collect and register identification data, the duty to obtain supporting evidence for identification data, the duty to adopt complementary procedures due diligence, the duty to adopt reinforced measures and the duty to adopt update procedures”.
The remaining 11 were disclosed on an anonymous basis, but what was at stake was the “violation of the duties of management companies of undertakings for collective investment, namely the duty to send the CMVM information regarding the provision of annual accounts and, in some cases , as well as the legal certification of accounts”.