Act 2001 status not recorded
Lei Complementar nº 105, de 10 de janeiro de 2001 (Complementary Law 105/2001 on the secrecy of financial institutions' operations)
Issued by Banco Central do Brasil
Plain-English summary
Requires financial institutions to keep their operations and services confidential (Art. 1) and sets the cases in which information may be released to the courts, Congress and tax authorities (Arts. 3–6). Art. 9 obliges the Central Bank and the CVM to inform the prosecution service of crimes they find, and Art. 10 makes unauthorised breach of secrecy a crime.
Who it applies to
Banking · Capital Markets
Topics
Conduct & Consumer Protection Data Protection & Privacy
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Bank secrecy over customer operations | Ongoing | BCB | source | |
Art. 1 requires financial institutions to keep their active and passive operations and the services they provide confidential. Arts. 3 to 6 list the cases in which information must be released to the courts, Congress and tax authorities, and Art. 10 makes unauthorised breach of secrecy a crime punishable by one to four years' imprisonment and a fine. |
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| No obligations match these filters. | ||||
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