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New rules of COAF’s activities

4Jan2019Jan4,2019
Compliance and Corporate ethics; Banking and Finance

​On January 01, 2019, the Decree No. 9,663/2019 was published, which approved the new bylaws of the Brazilian Financial Activities Control Council ("COAF") and changed the rules of the activities developed by such body, which was previously governed by Decree No. 2,799/1998.

Among the several amendments, the Decree No. 9,633/2019 regulated the sanction administrative procedure provided by Law No. 9,613/1998 ("Money Laundering Law") and changed the COAF's structure. Below is a table with the main amendments provided by the aforementioned Decree:

190104_tabela_EN.JPG

We are accompanying the publication of new regulations on COAF's activities and we will keep our clients informed on this matter.






















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