Brazil's Central Bank fined Banco Genial about R$21.6 million and barred its CEO for four years over foreign-exchange and internal control failures.
Brazil · Business
Key Facts
—The penalty Brazil’s Central Bank fined Banco Genial about R$21.6 million (about US$4.0 million).
—The executive the bank’s CEO, Andre Schwartz, was barred from senior financial roles for four years.
—The reason the regulator cited foreign-exchange irregularities and internal control failures.
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