Regulatory Alerts2020-04-30 | Resolução CMN 4808CMN Resolution No. 4808 - Disposes on the Sale of Foreign Currency under Article 60-A, Paragraph 1 of Law No. 11,343 of August 23, 2006
The National Monetary Council, through the Central Bank of Brazil, mandates that the sale of seized foreign currency must be conducted via authorized foreign exchange institutions. This resolution exempts such transactions from the value limits established in Resolution No. 3,568 of May 29, 2008. The regulation entered into force on June 1, 2020, with the Central Bank tasked to issue complementary instructions for compliance.
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