From International Business Times By Sophie Song April 15, 2014 China reached all the way to Peru...
Resolution 2953 (on the hiring of agents)
(enacted in 2002)
Resolution 2953 of 2002 (on the hiring of agents), issued by the Central Bank of Brazil, permits agents to analyze ID documents for account opening and allows banks and consumer credit companies to hire agents.
This resolution permits banks and consumer credit companies to hire agents, but clarifies that banks will always be responsible for ensuring compliance with applicable regulations despite customer due diligence and receipt and analysis of account-opening applications being the providence of the bank’s agents (the correspondents).
DISCLAIMER: Due to the fact that an English translation was unavailable for this resolution, information for this summary has been taken from secondary sources and not from review of the actual legal text.