HomeBRAZILBRAZILIAN CENTRAL BANK IS DEVELOPING MEASURES AGAINST PIX'S SCAM

BRAZILIAN CENTRAL BANK IS DEVELOPING MEASURES AGAINST PIX’S SCAM

Measures Against Pix’s ‘clean it up’ Scam are being developed. The Brazilian Central Bank (BC) and financial institutions are working to increase the efficiency of the special Pix return mechanism and thus make it difficult for criminals to move money from victims of scams and robberies. Through many methods, criminals have been managing to access to the victim’s bank account – particularly using the cell phone –, and disperse the money in different accounts, complicating the blocking and recovery of funds. To make the practice more difficult, the BC will adopt two new barriers:

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