Regulatory Alerts2023-05-23 | Resolução Conjunta 6Joint Resolution No. 6 — Requirements for Sharing Data and Information on Fraud Indicators by Financial Institutions
The Central Bank of Brazil and the National Monetary Council issued Joint Resolution No. 6 to mandate that financial institutions, payment institutions, and other authorized entities share data and information regarding fraud indicators. The resolution requires the establishment of an electronic system for recording, accessing, and updating fraud-related data, subject to strict principles of security, privacy, data quality, and interoperability. Institutions are held responsible for the reliability and confidentiality of shared data, must maintain detailed documentation and audit trails, and are subject to oversight and potential sanctions by the Central Bank for non-compliance.
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