Brazil eyes revisiting fintech reporting rules amid money laundering concerns

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BRASILIA : Brazil will eventually need to resume discussions on requiring financial technology companies to report transaction values to the tax revenue service, the agency's head said on Tuesday.

It suspended such plans announced last year following a strong public backlash.

Speaking at a Senate hearing, Robinson Barreirinhas cited strong indications that lesser-known payment institutions are being used for money laundering.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazil

Topics: Service Payment Instant Report Barreirinhas Fintechs Being Revenue Strong Requiring Brazil

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 00:40:31 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26897084

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 37 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

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Publication Timezone: GMT +8:00

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Publisher ID: #27

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