The Comissão do Mercado de Valores Mobiliários (CMVM) has imposed a total fine of 175,000 euros in five cases of regulatory violations concerning the duties of auditors and the prevention of money laundering.
All cases remain anonymous.
According to a statement published on the regulator’s website, the cases involve three instances of failing to comply with auditor duties, notably the obligation to document the audit service contract in writing, organize an audit file in line with auditing standards, ensure proper documentation, and close the documentation file within 60 days of certifying the accounts.
In this context, three fines were imposed: one of 20,000 euros, one of 10,000 euros (entirely suspended for two years), and another of 20,000 euros (10,000 euros suspended for two years).
Additionally, a fine of 25,000 euros (completely suspended for two years) was applied for failing to adhere to duties in preventing money laundering and terrorist financing.
The CMVM also imposed a 100,000-euro fine, with 25,000 euros suspended for two years, related to a breach of auditor duties as well as duties to prevent money laundering and terrorist financing.
