Brazil's Central Bank reports that its initiative "BC Protege+" has reached one million registrations, helping citizens block fraudulent bank account openings under their name.
Launched in December 2025, the Central Bank's tool "BC Protege+" enables citizens to block the opening of bank accounts in their names, and it has recently reached a milestone of one million registrations. This tool reflects a growing support from citizens and companies for additional security mechanisms designed to protect their personal and business identifiers (CPF and CNPJ) against unauthorized attempts to open current accounts, savings accounts, and payment accounts at financial institutions. The Central Bank highlights this surge in participation as a pivotal step towards enhancing safety against financial fraud.
The authority emphasizes that the "BC Protege+" tool is instrumental in increasing people’s safety against fraudulent activities, as it allows them to preemptively block the establishment of new bank accounts in their identities. This initiative aims to lower the risk of financial crimes and foster confidence in the national banking system. With increasing reports of scams, the Central Bank seeks to reassure the public by providing effective and accessible solutions that protect individuals from financial deception.
Furthermore, the president of the Central Bank mentioned that expanding the use of the "BC Protege+" tool reflects their commitment to ensuring financial stability and security for the population. By promoting this tool, they aim to engage more citizens in safeguarding their financial well-being, thereby fortifying the trust in financial institutions and the overall banking system. The continued success and adoption of the tool highlight a crucial step towards reducing fraud and enhancing the reliability of Brazil's financial landscape.
