backThe Federal Revenue Service has aligned fintechs with financial institutions regarding the obligation to provide information aimed at curbing crimes such as money laundering. The normative instruction, published in the Official Gazette on August 29, 2025, was announced after three major operations against organized crime that uncovered a scheme that allegedly moved about BRL 140 billion illegally, with more than 400 court orders executed in at least eight states. The rule requires payment institutions and participants in payment arrangements to follow the same ancillary obligations of the National Financial System and the Brazilian Payments System related to the e-Financeira, a report that consolidates high-value transactions, and it mandates reporting indications of criminal activity to the authorities.
According to the Revenue Service, a regulatory gap had made it easier to use fintechs to conceal funds, since these companies did not face the same transparency requirements as banks. In 2024, a similar rule had been issued to take effect in January 2025, but it was revoked after a wave of misinformation on the topic. The new instruction, signed by Special Secretary Robinson Barreirinhas, seeks to reinstate these requirements to expand transparency and strengthen efforts to combat fraud and money laundering.
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