BCB Resolution No. 501/2025, which amends BCB Resolution No. 142/2021, establishes strict procedures and controls for fraud prevention. The new guidelines must be adopted by financial institutions, other institutions authorized by the Central Bank, and payment institutions to ensure security in service provision.
These institutions, upon finding well-founded suspicion of fraud involvement in sight deposit accounts, savings deposit accounts, and payment accounts, must reject payment transactions directed to these accounts and notify the account holder of the occurrence.
The necessary adaptation measures for compliance with this new rule must be adopted by October 13, 2025.
Financial institutions, other institutions authorized to operate by the Central Bank of Brazil, and payment institutions that are members of the Brazilian Payment System (SPB) are subject to this resolution.
This measure is part of a set of actions that have been adopted by BACEN aiming to strengthen the Brazilian Payment System, following recent events involving some fintechs and Payment Institutions.
By Dr. Patricia Peck (CEO and Founding Partner), Dr. Graziella Rosa (Digital Consulting Manager), and Dr. Giovanna Pieralli (Lawyer Specializing in Digital Law and Banking Regulation).
AUTHOR