Act 2020
Lei nº 13.974, de 7 de janeiro de 2020 (Law 13,974/2020 on the Financial Activities Control Council – Coaf)
Plain-English summary
Governs the organisation of COAF: technical and operational autonomy and administrative attachment to the Central Bank (Art. 2), the production of financial intelligence (Art. 3) and a structure of Presidency, Plenary and technical staff (Art. 4). Art. 6 leaves the sanctioning procedure to the Central Bank's Board, with appeal to the National Financial System Appeals Council.
Who it applies to
All industries
Topics
AML / CFT / Sanctions
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