Brazilian Central Bank delays entry into force of rules against money laundering and terrorism financing06/07/2020
Por: Fernanda Garibaldi
The Brazilian Central Bank postponed, by means of notice nº 4.005/2020, to 1 October the entry into force of new rules to prevent crimes of money laundering and terrorism financing. These rules were determined in notice nº 3.978, which imposes numerous obligations on all institutions authorized to function through the Central Bank. Among other responsibilities, institutions must indicate a director responsible for compliance with the notice’s obligations, and they must internally assess the risk that their services and products are being used to practice money laundering or to finance terrorism.
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