Banco Central do Brasil
- Latest report
- Brazil Central Bank orders MW Pay liquidation over serious violations
Brazil’s Central Bank ordered the extrajudicial liquidation of MW Instituição de Pagamento Ltda., known as MW Pay, on 29 October, citing serious breaches of rules governing payment institutions. The bank said the assets of the company’s controllers and former administrators were made unavailable and that it would continue investigating possible responsibility; MW Pay had served betting operators before the government prohibition mentioned in the report.
Regulator dossier
Markets in reporting
Reported relationships
Mentioned alongside
Relationship explorer
Get daily updates on Banco Central do Brasil
New reports on Banco Central do Brasil, free. At most one email a day.