Pursuant to Joint Resolution 06/2023, financial institutions, payment institutions and other institutions that have been authorized to operate by the Central Bank of Brazil must share data and information with other institutions in order to support their fraud prevention procedures and controls.
The institutions must obtain prior and general consent from clients with whom they have relationships, enabling registration of said data and information.
Consent must be included in the contract between clients and the institution, by means of a highlighted clause in the body of the contract; its purpose is the treatment and sharing of data and information concerning signs of fraud.
Said contract must be made available to the Central Bank of Brazil.