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yesterday

Central Bank's Protege+ Blocks 111,000 Fraudulent Account Openings in First Month

The tool requires banks to verify customer consent in a central database before creating new accounts.

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Overview

  • About 545,000 people had activated the protection by Tuesday afternoon, according to the Central Bank.
  • Banks and fintechs logged roughly 33 million mandatory checks against the system since its early-December launch.
  • The free service covers CPF and CNPJ records and prevents opening checking, savings, and prepaid payment accounts without consent.
  • Activation occurs in Meu BC using a silver or gold gov.br account with two‑factor authentication, with options to temporarily disable and schedule automatic reactivation.
  • Users can review a history of institution queries, and institutions must inform the customer when an opening request is refused due to active protection.