Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 181

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 181
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,260/16, BCB Resolution No. 119/21 and Circulars No. 4,005/20 and No. 3,978/20, as amended by BCB Resolution No. 282/22, there is a requirement to disclose the address in the client identification stage required in the qualification procedures, in order to make the products offered operational, enable the identification of the final beneficiary, and enable the identification of the bearer in the case of operation in specie contribution and by BCB Resolution No. 344/23, which established the hypothesis of exemption from carrying out customer qualification and classification procedures when contracting a loan operation supported by a program instituted by the federal government aimed at renegotiating debts of individuals registered in defaulters’ databases. The financial institution must, among other things:

108 – Form 20-F 2024 | Bradesco
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·   keep up-to-date records regarding their clients;
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·   maintain internal controls and records;
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·   record transactions involving Brazilian and foreign currency, securities, metals or any other asset which
                                           may be converted into money;                                      
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·   keep records of all transactions made, products and services contracted, including withdrawals, deposits,
                        contributions, payments, receipts and transfers of resources; and                    
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·             keep records and include additional information about withdrawal operations, including those carried out         
    by means of a check or money order, of individual value equal to or greater than R$50 thousand, as well as inform the COAF.
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 The financial institution must review transactions or proposals whose characteristics may indicate the existence of a crime, inform COAF about suspicious operations of the proposed or executed transaction, and implement control policies and internal procedures. Records of multiple transactions must be kept for at least ten years, unless the bank is notified that a CVM investigation is underway, in which case the ten-year obligation may be extended.
 In addition, as provided by the CVM Resolution No. 50/21, as amended, and consolidated in Central Bank of Brazil’s Circular No. 3,978/20, as amended, the definition of a politically exposed person was extended. Politically exposed are those who hold or held prominent public positions in Brazil or abroad during the past five years, or the relatives and close associates of such individuals. Such individuals include heads of state and government, senior politicians and civil servants, judges or high-ranking military officers, leaders of state-owned companies or political parties, members of the