Bank management warns citizens about false messages circulating on social networks and digital communication channels and reminds that creating financial panic is punishable by law with a prison sentence.
Warning of the Supervisory Board of Banks about entities and advertisements that are not authorized to collect funds or grant loans
The supervisory body issued a statement this Thursday, November 30, 2023, referring to Article 322 of the General Penal Code (COIP), which states that “a person who spreads false news that causes alarm among the population and causes mass withdrawal of deposits shall be imprisoned from five to for seven years, all institutions of the financial system and those of the national and solidarity economy that carry out financial intermediation that endangers stability or causes the final closure of the institution will be punished.
📌#Attention
Bank management, citizens:#Control #Supervision #Transparency pic.twitter.com/Q0cZz4hYNw— SuperDeBancosEc (@superbancosEC) November 30, 2023
The oversight ensures that “public and private financial systems remain liquid and solvent in accordance with the current regulatory framework.” And calls for compliance with legal provisions and informing citizens through official channels.
Source: Eluniverso
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