Fraga defends more flexible account inviolability

BRAZIL - More flexible rules for breaking bank account inviolability, allied with a solid international cooperation among banks and government financial institutions, is a fundamental weapon to combat money laundering in the world, according to Central Bank president Arminio Fraga.

"I have absolute conviction that with the next five to ten years, we are going to have a veritable revolution with respect to privacy and inviolability. The flexibilization of these rules is inevitable," he said. Fraga

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account