2015-07-30

Added 2026-09-27

Circular Letter CVM/SMI 05/2015

Circular Letter CVM/SMI 05/2015 establishes guidelines for institutions within the securities distribution system, registrars, central depositories, and custodians regarding internal controls and routines for preventing money laundering and terrorist financing under CVM Instruction No. 301/99. It mandates that suspicious activity reports involving securities must be filed directly with the Financial Activities Control Council (COAF) via the CVM segment, prohibiting consolidated reporting to other regulators. The document requires enhanced due diligence for non-resident investors, including trusts and bearer share companies, and specifies that negative declarations of suspicious transactions must be submitted to COAF via the Siscoaf system by the end of January each year. Additionally, it outlines detailed information requirements for suspicious activity reports and provides technical instructions for Siscoaf system access and usage.

Brazil

Comissão de Valores Mobiliários

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SECURITIES COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br Circular Letter No. 05/2015/CVM/SMI Rio de Janeiro, July 30, 2015.
To institutions participating in the securities distribution system, registrars, central depositories and custodians of securities.
Subject: Guidelines on internal routines and controls related to the prevention of money laundering and terrorist financing (AML/CFT) – CVM Instruction No. 301/99 and amendments.
Dear Sir/Madam,

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Source: Comissão de Valores Mobiliários — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works