Banks will be able to block user resources for 72 hours if fraud is suspected



BRASILIA – The Central Bank (BC) announced on Tuesday that financial institutions that suspect fraud can block suspicious resources from a recipient user’s account for up to 72 hours. This measure has been in effect since November 16.

According to the Basel Convention, this measure will allow the financial institution to carry out a “more robust” analysis of potential fraud “which will increase the probability of recovering resources by paying users who have been victims of certain crimes”. The organization must notify the user who receives the ban.

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Another measure announced by the jury is the obligation to notify the violation, even for transactions in which the payer and the payee have an account at the same establishment. Currently, notification is optional.

In a note, BC explained that the mechanism allows organizations to report a Pix key when there is a strong suspicion of fraud. This information is accessible to any organization participating in Pix.

“This information will be shared with other organizations whenever there is a question about a Pix key, which will give additional benefits to organizations’ fraud prevention mechanisms,” notes BC.


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