The Bank of Portugal (Banco de Portugal) has launched an external audit of its procurement processes, concentrating on technology and communications purchases, after last year’s searches by the Polícia Judiciária. Officials framed the audit as part of a broader effort to strengthen controls and reduce corruption risk following investigative activity. The step may result in further internal changes, increased transparency demands and possible disciplinary or legal follow-ups; financial-sector observers and businesses that contract with the central bank should expect scrutiny of past and current procurement. Entrepreneurs and financial-services firms should monitor announcements in case of changes to contracting procedures.
Bank of Portugal orders external audit of procurement
Wednesday, 14 January 2026AI summary
Context & Explainers
Banco de Portugal is Portugal’s central bank, founded in 1846, responsible for banking supervision, financial stability and representing Portugal within the European System of Central Banks. For expats, it matters because it regulates banks and financial resolutions, influences monetary and payment rules, and can be involved in legal disputes with international investors.
The Polícia Judiciária is Portugal’s criminal investigation police, responsible for probing serious crimes such as corruption, organised crime, homicide and complex financial offences and carrying out judicial inquiries under the Public Prosecutor’s authority. Its investigations frequently trigger audits, arrests or regulatory action, so residents following bank oversight or anti‑corruption cases should note that PJ activity can lead to formal legal and administrative consequences.