The decision made by the Central Bank in early March to periodically monitor the conduct of Pix participants to ensure that they ensure the maintenance in their databases only of Pix keys in accordance with the names registered in the CPF and CNPJ bases of the Federal Revenue Service has lit the warning signal in financial institutions and payments regarding the need to increase their transaction monitoring tools.The reason is that the regulatory body is willing to penalize companies that do not exclude from their key systems of people and companies with registration situations such as “suspensa deceased, “cancelada”, “titular,”, “bula, “bada and other companies.
Alexandre Pegoraro, CEO of Kronoos, a platform that uses AI to conduct research on thousands of sources to check the suitability of people and companies, says that the decision of the BC forces institutions to strengthen their technological structures of monitoring transactions.
According to him, the adaptations of the systems to new requirements such as these require financial institutions to make deep adjustments to their structures. “A each month these companies already review millions of alerts related to financial crimes or fraud, with almost 95% of them being considered “not suspicious”. Now these programs will have to add new alerts on the compliance of the keys with the bases of the Revenue.Therefore the importance of having solutions that automate and facilitate this process, but at the same time ensuring that it is carried out quickly and safely”, he says.
By adopting these new requirements, the BC argued that they aim to make it more difficult for scammers to keep Pix keys with names different from those stored in the IRS bases.In this sense, the agency itself also promises to actively act to detect Pix keys with names different from those registered in the Revenue, to ensure that participants delete or adjust these keys.
A note published by the agency reports that the BC also prohibited the alteration of information linked to random keys and the claim of possession of keys of the type e-mail. Persons and companies that use random keys and that want to change some information linked to this key can no longer do so. From now on, one must delete the random key and create another one, with the new information.
