BRAZIL Trends and Developments Contributed by: Juliana Abrusio and Mario Cosac, Machado Meyer
to payment institutions, securities brokerages, securities distributors, and authorised foreign exchange brokerages operating under BACEN. Given the importance of safeguarding transac - tions within its purview, BACEN has been active - ly promulgating regulations in this sector to enforce stringent obligations and standards for the entities under its regulation, thereby ensuring the security of transactions.
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