The former president of Montepio Antonio Thomas Correa was convicted for reducing violations in money laundering and terrorism prevention mechanisms, resulting in reduced fines.
The Competition Court reduced the penalty imposed by the Bank of Portugal (BdP) on Montepio and seven former directors from 5 million euros to more than 2 million euros last Friday.
Among the two appeal judgments against supervisors, one is effective from 2019 and the other is effective from 2020. The Court of Competition, Regulation and Supervision (TCRS) in Santarem lowered the BdP against Caixa Económica Montepio Geral The imposed fine of 2.9 million euros (CEMG) was priced at one million euros and the value was halved.
The former president of Montepio António Tomás Correia (Montpio António Tomás Correia) reduced the fine from 1.4 million euros to 375,000 euros, and also halved the amount of fines. He was found guilty of convictions for preventing money laundering and terrorist violations Sent not guilty.
In the judgment, violations are involved, such as failure to perform the duty of implementing the internal control system, which is used to manage credit risk and control the source of funds when the subscriber of the investment unit was born in the branch, or to the subsidiary during the period 2012 to 2014 The credit provided exceeded 10% of the institution’s own funds, and since the attached 2020, the mechanism for preventing money laundering has been violated in 2015.
As for Almeida Serra, he reduced the €550,000 fine to €275,000 and imposed a half fine, eventually receiving warnings about the mechanism to prevent money laundering in the process.
In the case of Álvaro Dâmaso, the fine was increased from 140,000 euros to 135,000 euros, Eduardo Farinha (Eduardo Farinha) increased from 300,000 euros to 290,000 euros, while Barros Luís retained 75,000 euros. Fines, all halved.
Former managers Paulo Magalhães and Pedro Alves Ribeiro, who were sentenced to fines of 32,000 euros and 17,500 euros, respectively, were advised that Judge Mariana Machado believed that publicizing the ruling and the ruling was sufficient as a preventive measure.