Brazil's Central Bank (BACEN) published the regulations governing a new fraud prevention service that will be available to citizens starting in December 2025. The goal is to prevent fraudulent account openings using false identities, or the improper addition of new account holders to joint accounts and new representatives to corporate accounts. The service was established by BACEN Resolution No. 475/2025 and will allow citizens to optionally notify the entire National Financial System that they do not wish to open new checking, savings, or payment accounts.
The system will operate through the logged-in area of Meu BC, where citizens can activate or deactivate the protection at any time, for a fixed or indefinite period, at their discretion. The platform will display a history of activations and deactivations, as well as queries made by financial institutions regarding the possibility of opening new accounts. This feature gives consumers greater control over how their personal data is used for opening banking products.
Financial institutions will be required to query this database before completing any new account opening process, as established by CMN Resolution No. 5,218/2025 and BACEN Resolution No. 476/2025. The regulations provide a six-month window for the Central Bank and financial institutions to develop the systems needed to operate the service, during which institutions may also review their internal processes and procedures to align with the new rules.
In parallel, the Central Bank announced a new feature in the Sistema Valores a Receber (SVR) — the unclaimed assets platform: starting May 27, it will be possible to enable automatic redemption requests for forgotten balances. Enrollment is optional and available only to individuals who have a CPF-type Pix key and a silver- or gold-level GOV.BR account with two-factor authentication enabled. The system automates redemption requests, eliminating the previous manual procedure, and the credit will be made directly by the financial institution to the citizen's account.
This post was summarized from its original version using AI, with human review.
Source: BACEN