Bacen jud will be replaced by new platform in September.

It was announced by the Central Bank (BC) the development of Sisbajud (asset Search System of the judiciary), a new blocking system that will replace the Bacen jud.

According to the economic value, this electronic system of communication between the judiciary and financial institutions can also be used in the future for blocking cryptocurrencies.

The new system will make it possible to automate blocking orders, unblocks and transfers of funds to judicial accounts, since it has an “online attachment” system to the electronic judicial process (PJE)

According to the BC, Sisbajud is already in the testing phase that will last until the end of the year. The Bacen jud interface (layout) and the communication protocol were maintained during the testing phase so as not to cause impact throughout the process.

It is with great enthusiasm that Sisbajud is received by the various legal operators. One of the biggest problems experienced in the judicial process today is the delay in unlocking values, which in theory should occur within 24 hours as provided by the legislation.

As a curiosity, last year alone R$ 55,8 billion of debtors were blocked through Bacen Jud, according to the newspaper.

Check out the full sisbajud implementation statement by downloading the link below:

SISBAJUD-1Download