RegAlert2023-10-04 | Resolução BCB 344Added
BCB Resolution No. 344 — Amends Circular No. 3,978 of January 23, 2020
BCB Resolution No. 344 amends Circular No. 3,978 to exempt authorized institutions from customer qualification and classification procedures when contracting credit operations under federal programs for renegotiating debts of individuals listed as delinquent. This exemption applies cumulatively if the renegotiated debts were delinquent at the program's establishment, the released funds are transferred directly to the creditor without debtor interference, and the debts are owed to non-financial legal entities or BCB-authorized institutions responsible for the debtor's listing. The resolution entered into force on the date of its publication.
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BCB RESOLUTION NO. 344, OF OCTOBER 4, 2023
Amends Circular No. 3,978, of January 23, 2020, which provides on the policy, internal procedures and controls to be adopted by institutions authorized to operate by the Central Bank of Brazil with a view to preventing the use of the financial system for the practice of the crimes of "money laundering" or concealment of assets, rights and values, as provided for in Law No. 9,613, of March 3, 1998, and terrorism financing, provided for in Law No. 13,260, of March 16, 2016.
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Lineage: In force
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This document amends: Circular No. 3978 — Internal Policy, Procedures, and Controls for Preventing Money Laundering and Terrorist Financing
Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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