The Central Bank of Brazil issued a note on the launch of the third phase of Operation Compliance Zero, reporting that it identified indications that two permanent staff members received improper advantages during an internal review of the supervisory and liquidation processes relating to Banco Master. The central bank has taken immediate precautionary measures, initiated internal disciplinary procedures, and referred the suspected criminal conduct to the Federal Police. The two employees were precautionarily removed from their positions and barred from accessing the institution’s premises and systems. The Central Bank stated that, subject to due process and full rights of defence, any identified misconduct will be met with the appropriate sanctions in accordance with the law, and it framed the Federal Police work as essential to fully clarifying the facts.
Central Bank of Brazil 2026-03-04
Central Bank of Brazil suspends two employees and opens disciplinary proceedings after suspected improper benefits linked to Banco Master case
The Central Bank of Brazil announced the third phase of Operation Compliance Zero, uncovering indications of improper advantages received by two staff members during a review of Banco Master processes. The bank has removed the employees, initiated disciplinary actions, and referred the matter to the Federal Police. It emphasized due process and appropriate sanctions for any confirmed misconduct.