The Bank of Portugal issued an alert warning that Bernardo Sangaie (taxpayer identification number 326903798) is not authorised to carry out any financial activity in Portugal reserved for institutions it supervises, including the provision of payment services such as money remittance. The Bank of Portugal noted that, under the Legal Framework for Payment Services and Electronic Money, payment services in Portugal may only be provided by authorised entities, and it directed users to its website for the list of authorised payment service providers.
Bank of Portugal 2026-02-27
Bank of Portugal warns Bernardo Sangaie is not authorised to provide payment services in Portugal
The Bank of Portugal issued a warning that Bernardo Sangaie is not authorised to conduct any financial activities in Portugal, including payment services like money remittance. Under the Legal Framework for Payment Services and Electronic Money, only authorised entities may provide such services.