backOn August 29, 2025, the Brazilian Federal Revenue Service announced new regulatory measures following recent operations — Carbono Oculto, Quasar and Tank — which revealed the use of fintechs by organized crime to move and launder illicit funds. Authorities emphasized that these companies operated in a regulatory gap, as they were not subject to the same transparency requirements imposed on traditional financial institutions for over two decades.
According to the Revenue Service, the new regulation will be concise and straightforward, consisting of only four articles, explicitly subjecting fintechs to the same obligations as financial institutions, including the submission of the e-Financeira report. Based on the Brazilian Payment System Law (Law No. 12,865/2013), the measure will take effect immediately upon publication. The stated aim is to close loopholes exploited by organized crime and ensure greater oversight and transparency in digital financial operations.
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