Senate Sets Nov. 25 Hearing With Central Bank and Coaf Chiefs on Fintech Pooled Accounts and Campos Neto Deal

Overview

• BC president Gabriel Galípolo agreed to appear before the Senate CAE on November 25, avoiding a mandatory convocation that had been approved.
• Coaf head Ricardo Saadi will be heard on the use of pooled fintech accounts, which authorities say obscured transaction origins and were exploited by criminal groups.
• The Central Bank issued a rule this week prohibiting the pooled account model after reports linked it to laundering schemes, including those cited in Operation Carbono Oculto involving the PCC.
• Lawmakers will question Galípolo about a June 2 term of commitment signed with former BC chief Roberto Campos Neto related to alleged verification failures in Santander foreign‑exchange operations.
• BC documents state Campos Neto paid a R$300,000 pecuniary contribution and the Copas committee archived the case in July, while Santander says the agreement aimed to improve controls without admitting an infraction.