Regulatory Alerts2020-05-13 | Circular 4018Circular No. 4018 — Amends Circulars No. 3,690 and 3,691 to Regulate Foreign Exchange Operations for Alienation of Seized Foreign Currency
The Collegiate Board of the Central Bank of Brazil issued Circular No. 4018 to amend Circulars No. 3,690 and 3,691, implementing Resolution No. 4,808 regarding foreign exchange operations for seized foreign currency. The regulation designates the Union, State, or Federal District as the seller in such transactions and exempts them from specific value limits. Additionally, the circular updates the classification codes for special operations in Annex XIII of Circular No. 3,690, including a new code for the alienation of seized foreign currency.
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