Banco Santander paid the central bank R$19.4 million as part of a commitment period related to alleged irregular exchange transactions that occurred while the former head of the monetary authority, Roberto Campos Neto, was working at the private bank.
At a hearing in the Senate Economic Affairs Committee, Bank of British Columbia’s supervisory director, Ailton de Aquino Santos, revealed that the Hispanic bank also signed the terms of the commitment. Until then, it was known that Campos Neto had paid R$300,000 to end the investigation conducted by the Monetary Authority.
Amid questions from CAE President Senator Renan Calheiros (MDB-AL) on the issue, Aquino stated that the decision to celebrate the term commitment with former head of the monetary authority Roberto Campos Neto followed the “entire bureaucratic path” and that governance was fulfilled.
BC President Gabriel Galipolo, who attended the public hearing, stated that “the BC Commission does not issue a leniency agreement, especially to the extent of interrupting a criminal investigation” and that the commitment agreement in question is “the process of filling out client information.”
The Chairman of the Council for the Oversight of Financial Activities (Coaf), Ricardo Saadi, stated at the same hearing that the terms of commitment that Campos Neto signed with British Columbia “do not impede or avoid possible criminal investigations.”
The Inspection Director also confirmed that this is the first commitment period signed with a former Premier of British Columbia. Aquino explained that the supervised body can submit a proposed term that will be analyzed through the technical areas of the central bank.
According to Aquino, Santander also paid a fine to British Columbia for signing the terms of the commitment, but did not disclose any of them – which was verified by the central bank. value. “Regardless of the fine, the financial institution has to improve its controls and that is what Santander has done. That is the central point.”
BC signed a commitment period with Campos Neto in June, relating to his time at Banco Santander. This term is a BC instrument whereby an entity or person undertakes to stop a practice and collect a cash contribution.
Coined by the former head of the Bank of British Columbia, Campos Neto refers to “supposed practices” that would be “consistent with a failure to verify the legality of exchange operations and ensure the qualification of banking clients of Banco Santander (Brasil) SA.”
Campos Neto worked in Santander’s treasury before taking his position at B.C. According to the legislation, the duration of the commitment does not represent an acknowledgment or acknowledgment of illegality. The law also prohibits the use of the term to refer to serious violations. According to the director, the BC Technical Committee understood that the circumstances of serious misconduct did not exist.
Aquino also stressed that the former mayor of British Columbia never asked “anything” from municipal employees. “Part of the issues raised by the supervision were before he took over as director of Santander. The other part. He was a director for a short period, and that is why we included Roberto in the management process,” he said.
Aquino also stressed that British Columbia explained the control deficiencies observed at Santander. He said, “It was a supervisory failure, it was not a criminal failure. Just like filling out the Integrated Foreign Trade System (Siscomex), there were nine operations, exchange operations with a company that did not have sufficient history, seven operations.”
Asked whether oversight deficiencies did not cause undue benefits to legal entities that contracted foreign exchange operations during this period, the director said he was “completely calm” because, given the oversight deficiencies highlighted, the case “did not generate (unjustified) benefits.”
“We are talking about a few operations, part of the packaging, termination of relationships with third parties or filling out import declaration information incorrectly.”
CAE President Renan Calheiros also said that if he needed more information that might involve a breach of confidentiality, he could request within the scope of the Parliamentary Committee of Inquiry (CPI) to “ultimately investigate aspects of organized crime.”
the value He is trying to contact Campos Neto, currently CEO at Nubank, and Santander about the issue.
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