Banco de la República denies false investors who use its name

With the advancement of technology and the development of new tools in the digital world to create innovative products, a new alert is emerging among authorities, since criminals are using this to capture unwary people, in order to offer investments that result in scams or stealing people’s information.

One of these fronts is identity theft, driven mainly by artificial intelligence, which already allows, for example, the generation of videos in which false messages are broadcast. Proof of this has been seen in some social media publications, where unscrupulous people take advantage of the image of authorities and celebrities.

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Videos of fake interviews and messages from celebrities or spokespersons from national or international governments have not given information about investments, products or scandals; They are the order of the day on the Internet, even going so far as to use news montages, simulating interviews that never existed or false scandals against celebrities.

Issuer Alert

This week a complaint was made known from the Bank of the Republic in which it is warned that false news is circulating in which the general manager of the Bank, Leonardo Villar, is shown in an interview giving statements that never happened and are being broadcast on various networks. social.

According to the complaint, these messages are “informing about a new investment and automated trading program.” so that citizens can obtain income of up to $25 million per week.”

Given this, the banking authority made it clear that it does not carry out this type of operations between individuals, nor does it provide banking or financial services to the general public, given that its market and functions are different and are not concentrated in the ordinary market.

“The Bank of the Republic warns about this fraudulent information and the risk of falling into deception. It is recommended to always verify the source of the information, even if it appears to be news from a well-known channel, check the URL of the entity’s website and do not fall for fake news,” they explained.

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Given this, they suggested that people not fill out personal data on unreliable links and consult the official channels of the Bank of the Republic where the information issued through digital channels can be corroborated.

It should be remembered that the Issuer, as this entity is also known, is a State body of a unique nature, with administrative, patrimonial and technical autonomy, which exercises the functions of central banking.

“According to the Constitution, the objective of monetary policy is to preserve the purchasing power of the currency, in coordination with general economic policy, understood as that which tends to stabilize production and employment at their long-term sustainable levels,” they highlighted. .

Leonardo Villar, general manager of the Bank of the Republic

Screenshot

On the Banco de la República website it also says that in the exercise of this function, its directors adopt the measures they consider necessary to regulate the liquidity of the economy and facilitate the normal functioning of the payment system, ensuring the stability of the value of the currency.

“The special functions assigned to the Bank include regulating currency, international exchanges and credit, issuing Colombian legal currency, managing international reserves, being a lender and banker for credit establishments and serving as fiscal agent of the Government. As part of its functions, the Bank also contributes to the generation of knowledge and the cultural activity of the country,” they said.

Finally, it must be said that the Board of Directors of the Banco de la República is the monetary, exchange and credit authority in Colombia. The above means that it is the body in charge of studying and adopting measures to guarantee the stability and adequate circulation of money, ensure the normal functioning of internal payments and of the economy and regulate the liquidity of the financial system in our country.