After police operations against the money laundering of organized crime through fintechs, The Central Bank (BC) decided to implement from this Friday (5) measures to protect the National Financial System (SFN), such as the limitation of R $ 15 thousand for transfers via Pix and TED made by some types institutions. 
The limitation comes into force immediately and reaches payment institutions not authorized by the BC and companies that connect to the NATIONAL FINANCIAL SYSTEM NETWORK via Information Technology Services (PSTI) providers.
Such companies operate in a provisional manner while waiting for authorization. From now on, however, new companies that want to enter this market will not be able to operate before they obtain authorization from the BC. In addition, it was anticipated from December from 2029 to May next year, the deadline for payment institutions to request authorization for operation.
According to the BC, there are 75 payment institutions that have not yet made the request for authorization, while 40 other companies filed the process and await authorization to operate. “No payment institution can start operating without prior authorization,” warned the BC.
In case of authorization denied, the payment institution must end its activities within 30 days. “The BC may request technical certification or evaluation issued by an independent qualified company that attests to the fulfillment of the authorizing requirements,” explained the agency.
The BC has also decided to exclude access from cooperatives, which can no longer appeal as responsible for the PIX from payment institutions. They will have 120 days to adjust their contracts.
Finally, the BC decided to impose a minimum capital of R $ 15 million so that information technology service providers (PSTI) can be permitted to access the national financial system network, through which bank transactions are carried out.
Financial inclusion
In presenting the measures, the president of the Central Bank, Gabriel Galipolo, said that the agency does not seek to demonize payment institutions and fintechs In general, responsible for bringing financial services to a large range of the previously excluded population from SFN.
“Both banks called incumbers, the old ones, and the new ones who entered the market were responsible for fantastic inclusion from the point of view of the financial system, with facilitation of services for the population,” he said.
He pointed out that The standard with the complete requirements so that PSTI can register with the Central Bank must be published in the Federal Official Gazette (DOU) later this Fridaywith new and extensive security requirements.
Galipolo insisted that the BC does not seek to discriminate any type of company, but implement rules that may allow a better functioning of all necessary institutions for the proper operation of the financial system.
“I think the issue lies much more in the process of governance and relationship between institutions,” he said.
Central Bank President Gabriel Galipolo during a press conference on security reinforcement measures of the National Financial System. Fabio Rodrigues-Pozzebom/ Agência Brasil
Understand
Last week, three operations were launched against money laundering for organized crime: Hidden Carbon, Quasar and Tank. According to the Federal Police (PF), investigations reach more than $ 50 billion in suspicious financial movements.
In November, PF also launched another operation, targeting a “parallel and illegal banking system”, which would have a money movement in Brazil and outside, in countries such as the United States, Canada, Panama, Argentina, Bolivia, Colombia, Paraguay, Peru, Holland, Italy, Turkey, Dubai and especially Hong Kong and China, “where most of the resources were intended for the resources of illicit origin ”.
