Banking Business Guide
Get Solutions, Not Just Problems
We documented 13 challenges in Banking. Now get the actionable solutions — vendor recommendations, process fixes, and cost-saving strategies that actually work.
Skip the wait — get instant access
- All 13 documented pains
- Business solutions for each pain
- Where to find first clients
- Pricing & launch costs
All 13 Documented Cases
Multas por Não Conformidade em Transferências Internacionais e Relatório de Operações Suspeitas
R$20,000,000 maximum administrative fine per violation; criminal fines plus 2x transaction value; 3-10 years imprisonment for individuals; asset confiscationNon-compliance with AML obligations under Brazilian law triggers severe administrative and criminal penalties. Wire transfer processors must flag suspicious transactions and report them to COAF within 24 hours. Manual verification workflows create bottlenecks and missed reporting deadlines, exposing institutions to fines of up to twice the transaction value or R$20,000,000—whichever is higher. Criminal penalties for individuals include 3-10 years imprisonment plus asset forfeiture.
Multas Administrativas por Não Conformidade com Reporte de SAR
R$500,000 to R$20,000,000 per violation (administrative); criminal fines + 3-10 years imprisonment for individualsFinancial institutions failing to report suspicious transactions to COAF within 24 hours face administrative fines determined by regulatory authorities (BCB, COAF). Evidence shows maximum civil monetary penalties reach R$20,000,000 or twice the transaction value, whichever is higher. Actual penalties reported by regulators typically range from R$500,000 to R$5,000,000 depending on severity and intent.
Multas por Falhas em Conformidade AML/KYC na Originação de Crédito
Up to R$ 20 million per violation, or 2x the value of irregular transactions; administrative fines also include warnings, operation suspensions, and license revocation[5]Brazilian anti-money laundering regulations mandate rigorous customer due diligence during credit origination. Institutions failing to implement robust internal controls for transaction monitoring and customer verification face severe administrative and criminal penalties. The Central Bank enforces these requirements through administrative proceedings.
Atraso em Processamento de Onboarding - Complexidade de Verificação Manual
Estimativa de risco: 20-40 horas/mês por analista KYC de custo manual; custo de R$ 2.000-4.000/mês por FTE em processamento manual; time-to-cash drag: atraso de 2-5 dias reduz conversão de clientes em 3-10% (típico em fintech).KYC onboarding in Brazil requires manual collection of 5+ identity data points, verification against multiple government databases (Receita Federal, CPF database, state/municipal records), document authentication (3-4 document types accepted), facial biometric capture and matching, proof-of-life verification, and risk-based tiering decisions. Sources indicate document fragmentation and 'absence of a unified digital infrastructure' complicates traditional processes. Biometric checks must repeat at minimum every 7 days. This creates operational bottlenecks, especially for high-volume onboarding.