The Brazilian Association of Cryptoeconomics (ABcripto) and the National Association of Credit, Financing, and Investment Institutions (Acrefi) announced the signing of a Protocol of Intentions aimed at strengthening collaboration between the traditional financial market and the digital one. The agreement focuses on the development and implementation of actions aimed at the Prevention of Money Laundering and Terrorism Financing (PLD/FT), promoting best practices and normative guidelines in these sectors.
The protocol establishes the joint efforts and expertise of both institutions with the aim of engaging their members in the standardization process regarding AML/CFT, as well as disseminating knowledge through educational and awareness-raising actions. Among the main goals of the agreement are the development of educational materials and the promotion of initiatives that help mitigate risks and prevent fraud in the financial system.
Priscila Maia, Legal & Compliance Head at Bitybank, and Carolina Correa, Operations Head at Coinext, both leaders of the ABcripto Compliance Committee, highlighted the importance of the partnership, stating: "The memorandum of understanding with Acrefi represents an important milestone to further bring together the crypto economy sectors and the traditional financial market. The collaboration will allow us to work jointly in implementing best practices and building a safer and more transparent market."
For Filipe Pena, executive director of Acrefi, the initiative reinforces the organization's commitment to leading innovation in the financial sector. The partnership with ABcripto strengthens our commitment to unite forces and expertise between the traditional financial market and the digital one, promoting the exchange of knowledge and experiences. Together, we will develop actions that contribute to risk mitigation and the prevention of fraud and money laundering, topics of utmost importance for the sustainable growth of the market.
The memorandum of understanding also provides for periodic meetings to monitor the progress of initiatives and plan new actions aligned with the defined objectives. This collaboration between the institutions aims, above all, to promote transparency and security in an increasingly dynamic and digital environment, providing a more robust and protected financial setting for all participants.
