News

Brazil and the National Risk Assessment

Recently, decree 10,270 was introduced in Brazil, a significant tool in the fight against corruption. Representatives from the Financial Activities Control Council (COAF), Ministry of Justice and Public Security (MJSP) and from the Central Bank of Brazil, structured the National Money Laundering Risk Assessment, Terrorism Financing, and Proliferation Financing Working Group Weapons and Mass Destruction.…

A new beginning

It is time to shake off the dust, look at what happened, and move on with life in the new normal. At this moment, it is necessary to observe what can be changed, in the strategies that worked. Revisit the strategies that went wrong and try to find some strategy that can still work, even…

Time to Change

It’s a great time for big changes. Companies and people are becoming aware that caring for the environment and health are essential. Companies that were consolidated in the market are looking for new market niches, completely rethinking their production chains, their customers, products, services, image. People who were in risk groups are changing their habits…

Are crypto assets risky investments?

According to The Financial Action Task Force, although virtual assets potential benefits, “without proper regulation, they risk becoming a virtual safe haven for the financial transactions of criminals and terrorists.” In fact, crypto assets are been used to ask ransom, to money laundering, and to undercover criminal activity. According to CipherTrace, only in 2019, “losses…

Cybersecurity in a Pandemic world

Hackers are using ransomware to digitally hold hospitals and medical services hostage, preventing them from accessing vital files and systems until a ransom is paid. The alert issued by INTERPOL (International Police Intelligence) in early 2020, to its 194 member countries, indicates the period of vulnerability and risk that the world faces during the coronavirus…

Brazil’s Open Banking

As some Brazilian financial institutions are charging up to 790% per year on credit card loans, Brazilian Central Bank (BCB) is opening Brazil’s market to Fintech’s. This opening movement that includes simplified legislation and lighter requirements for Fintechs has now gained new momentum with open banking. It is expected that with this new policy of…

E-wallet

Electronic wallet, the evolution of gift cards, offers a possibility to transfer money to other accounts whether banking or non-banking, promising to eliminate the need for an old fashion wallet with cash and cards. In general, mobile payment solutions can take advantage of radiofrequency, wireless & Bluetooth technology to interact with websites and other apps,…