The banking supervision reported that BY Asesores de Seguros is not authorized to perform activities reserved for the national financial system.

The warning was published this Thursday, October 12, 2023, so that citizens should not believe the advertisements of natural and legal persons who are not under the control or authorization of this control body, and which could put them in danger.

This new alert has so far detected 56 unauthorized entities in 2023.

The entity notes that it is prohibited for those who are not part of the financial system to collect funds from third parties or perform financial activities and that they may not advertise or use notices, posters, certificates, memoranda, names or any other means that suggest that the business of said persons is of a financial nature.

Warning of the Supervisory Board of Banks about entities and advertisements that are not authorized to collect funds or grant loans

The control body updates the data on its portal, where list of unauthorized subjects.