According to this Wednesday's "Dinheiro Vivo" (Live Money), the CMVM will send the evidence found to the Public Prosecution Service.
In the annual audit supervision report, cited by the same newspaper, the CMVM reveals that 10 supervisory actions were put in place with the nine auditors who audited the entities. So far, "the supervision of four auditors" has been concluded and the supervision of the remaining five auditors is in progress.
These actions have resulted in the identification of "signs of non-compliance with law no. 83/27 of August 18 and law no. 25/2008 of June 5, on the prevention and combating of money laundering and terrorist financing", reveals the supervisor.
Irregularities were also found in the "documentation of the procedures carried out in relation to operations with suspicious features under Law 83/2017, involving related parties, not evidencing the proper exercise of the duty of examination by the auditor, nor that the auditor has maintained professional scepticism in the analysis of those operations" and in the "documentation of the exercise of the duty of identification under Law 83/2017".
The stock exchange supervisor also found flaws in "the duty to report (...) when the auditor knew, suspected or had sufficient reason to suspect that he was in the presence of operations that could be related to funds deriving from criminal activities and compliance with the duty to document when as a result of the exercise of the duty to examine he decided not to report" which is mandatory by law.
Documentation of the procedures performed and their conclusions regarding the identification of related parties" and "documentation of the evidence obtained and its evaluation as to its sufficiency and adequacy with regard to the recognition of credit, the economic substance underlying transactions involving related parties and the disclosure of balances and transactions with related parties" were also deficient.
To reach this conclusion, the CMVM reviewed "84 audit files". Supervision activities began this year in the 'Luanda Leaks' case.
