Regulatory Alerts2020-05-13 | Circular 4019Circular No. 4019 — Amends Circular No. 3.691 of December 16, 2013, Regarding the Foreign Exchange Market
The Collegiate Board of the Central Bank of Brazil issued Circular No. 4019 to amend Circular No. 3.691/2013, enhancing regulations for authorized institutions and correspondents in the foreign exchange market. The amendments introduce simplified documentation requirements for small-value transactions up to US$3,000 and mandate open data disclosure for contracted companies. These changes aim to streamline operational procedures while maintaining necessary identification and oversight standards for foreign exchange operations.
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