please see below the standards concerning sub-acquirers
legal obligations
Obligations that can be requested by Accreditors to Sub-accreditors.
I - Risk management.
II – MLTFP (Money Laundering and Terrorist Financing Prevention Policy).
III - Management of business continuity, including disaster recovery.
IV - Information security.
V - Reconciliation of information among participants.
VI - Service availability.
VII - Ability to provide services.
VIII - Provision of minimum information and instructions by participating institutions to end users of the services provided, fraud follow-up in each participating institution.
IX - Settlement of transactions among institutions participating in the arrangement.
X - Interoperability among the participants of the arrangement.
XI - Interoperability with other payment arrangements, when applicable, including forecast of resource transfers to other payment arrangements.
Art. 4, Paragraph 3-A of Attached Regulation - BCB Circular # 3,682/2013
mltfp (money laundering and terrorist financing prevention policy)
Sub-accreditors shall adopt controls related to money laundering and terrorist financing prevention.
Art. 60
BCB Circular # 3,978/2020
read the full documentsegregation of equity
Sub-accreditors shall adopt mechanisms to segregate their own equity from their corresponding stores.
Art. 12-A
Law # 12,865/2013
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Hiring settlement agents
Art. 26, Paragraph 6
of the attached Regulation
BCB Circular # 3,682/2013
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Art. 26, Paragraph 5
of the attached Regulation
BCB Circular # 3,682/2013
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Art. 26, Paragraphs 7 and 8
of the attached Regulation
BCB Circular # 3,682/2013
read the full documentreceivables record
BCB Circular # 3,952/2019
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