Circular No. 2262 — Establishes Additional Procedures for Opening Checking Accounts

CIRCULAR NO. 002262

ESTABLISHES ADDITIONAL PROCEDURES FOR OPENING CHECKING ACCOUNTS.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 06.01.93, BASED ON ART. 2 OF RESOLUTION NO. 1,682, OF 31.01.90, DECIDED:

ART. 1. IT IS THE RESPONSIBILITY OF THE FINANCIAL INSTITUTION TO VERIFY THE INFORMATION CONTAINED IN THE PROPOSAL FORM REFERRED TO IN ITEM 1 OF CIRCULAR NO. 1,528, OF 24.08.89.

PARAGRAPH 1. THE ACCOUNT HOLDER'S REGISTRATION NUMBER IN THE INDIVIDUAL PERSONS REGISTER OR THE GENERAL REGISTER OF TAXPAYERS, AS WELL AS ALL OTHER IDENTIFICATION ELEMENTS, SHALL BE VERIFIED AGAINST THE COMPETENT DOCUMENTATION.

PARAGRAPH 2. THE INSTITUTION IS OBLIGATED TO MAINTAIN, IN ITS REGISTER, COPIES OF THE SAID DOCUMENTATION.

PARAGRAPH 3. THE PROVISION OF A CHECKBOOK TO THE ACCOUNT HOLDER IS PROHIBITED UNTIL THE INFORMATION CONTAINED IN THE RESPECTIVE PROPOSAL FORM HAS BEEN VERIFIED.

ART. 2. EVERY PROPOSAL FORM MUST CONTAIN A DECLARATION, SIGNED BY THE ADMINISTRATOR RESPONSIBLE FOR THE BRANCH OF THE FINANCIAL INSTITUTION WHERE THE CHECKING ACCOUNT IS BEING OPENED, IN THE FOLLOWING TERMS:

"I ASSUME RESPONSIBILITY FOR THE ACCURACY OF THE INFORMATION PROVIDED, BASED ON THE ORIGINALS OF THE IDENTITY DOCUMENT, CPF/CGC, AND OTHER PROOFS OF THE OTHER INFORMATION ELEMENTS PRESENTED, UNDER PENALTY OF APPLICATION OF THE PROVISIONS OF ART. 64 OF LAW NO. 8,383, OF 30.12.91."

ART. 3. UNTIL ANY IRREGULARITY INDICATED IN THE PROPOSAL FORM FOR A CHECKING ACCOUNT EXISTING ON THE DATE OF PUBLICATION OF THIS CIRCULAR IS RESOLVED, THE PROVISION OF A CHECKBOOK IS PROHIBITED. SINGLE PARAGRAPH. UPON DETERMINING THE SEVERITY OF THE OCCURRENCE, IT MUST BE IMMEDIATELY REPORTED TO THE CENTRAL BANK OF BRAZIL.

ART. 4. NON-OBSERVANCE OF THE PROVISIONS OF THIS CIRCULAR SHALL BE CONSIDERED A SERIOUS OFFENSE FOR THE PURPOSES PRESCRIBED IN ART. 44 OF LAW NO. 4,595, OF 31.12.64, WITHOUT PREJUDICE TO OTHER APPLICABLE SANCTIONS.

ART. 5. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASÍLIA (DF), JANUARY 6, 1993

GUSTAVO JORGE LABOISSIÈRE LOYOLA
PRESIDENT