Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 184

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 184
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 public or private character. These procedures of identification and qualification shall also be adopted 
                    for managers of corporate clients and representatives of clients, corresponding to the function exercised;               
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·                    Politically Exposed People: expansion of the group of people characterized as politically exposed                 
    to the Executive, Legislative and Judicial Powers, the Public Attorney’s Office and, in terms of state companies, at federal, state
                                                           and municipal levels;                                                       
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·          Guidelines for hiring: inclusion in the AML/TF policies of guidelines for the selection and hiring      
    of employees, partners and service providers, considering the risk of money laundering and terrorist financing;
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·                     Relationship with third parties: inclusion of the condition that, if the institution establishes                  
     a business relationship with third parties not subject to the operating permit from the Central Bank of Brazil, the institution’s  
    access to the identification of the final recipients of resources for purposes of the AML/TF must be stipulated in the contract; and
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·                      Monitoring procedures: inclusion of specific situations in the non-exhaustive list of operations                   
    that, considering the parties involved, the values, the forms of implementation, the instruments used or the lack of economic or legal
                  basis, may establish the existence of solid evidence of suspected money laundering or terrorist financing.              
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110 – Form 20-F 2024 | Bradesco
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BCB Resolution No. 119/21 regulated new areas, with the objective of improving certain regulatory points in order to enable adequate and effective compliance with the rules established by Circular No. 3,978/20 of the Central Bank of Brazil, which are:
 
·                    Requirement of the address information in the client identification stage: obtaining information                 
    from the client’s place of residence, in the case of a natural person, or from the place of the head office or branch, in the case
    of a legal entity, is now only required in the client’s qualification procedures, in order to make it possible to operate some of 
                                                          the products offered;                                                       
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·                         Identification of the final beneficiary: in order to conform to Circular No. 3,978/20 to the CVM                     
    regulations on AML/TF, some exceptions have been made to the need to identify the final beneficiary. Thus, exempt from the need to identify
      the final beneficiary, are, for example: (i) legal entities characterized as an