RegAlert2020-01-23 | Circular 3978Added
Circular No. 3978 — Internal Policy, Procedures, and Controls for Preventing Money Laundering and Terrorist Financing
Circular No. 3978 mandates that institutions authorized by the Central Bank of Brazil implement and maintain an internal policy, procedures, and controls to prevent the use of the financial system for money laundering and terrorist financing. The regulation requires the establishment of a governance structure, the designation of a responsible director, and the execution of internal risk assessments. It further imposes strict obligations for customer identification, qualification, classification, and the identification of beneficial owners and politically exposed persons.
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The Collegiate Board of the Central Bank of Brazil, in a session held on January 22, 2020, based on arts. 9 of Law No. 4.595, of December 31, 1964, 10, 11 and 11-A of Law No. 9.613, of March 3, 1998, 6 and 7, item III, of Law No. 11.795, of October 8, 2008, and 15 of Law No. 12.865, of October 9, 2013, and having in view the provisions of Law No. 13.260, of March 16, 2016, the Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances, promulgated by Decree No. 154, of June 26, 1991, the United Nations Convention against Transnational Organized Crime, promulgated by Decree No. 5.015, of March 12, 2004, the Inter-American Convention against Terrorism, promulgated by Decree No. 5.639, of December 26, 2005, the International Convention for the Suppression of the Financing of Terrorism, promulgated by Decree No. 5.640, of December 26, 2005, and the United Nations Convention against Corruption, promulgated by Decree No. 5.687, of January 31, 2006,
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Lineage: Amended
Show all related documents (22)
- Supersedes
- Circular No. 3461 dated 2009-07-24not in RegAlertCircular No. 3517 dated 2010-12-07not in RegAlertCircular No. 3583 dated 2012-03-12not in RegAlertCircular No. 3654 dated 2013-03-27not in RegAlertCircular No. 3839 dated 2017-06-28not in RegAlert
- Amended by
- Resolution BCB No. 588 — Amends Circular No. 3,978 of January 23, 2020 Regarding Internal Controls for Preventing Financial System Abuse2026Normative Instruction BCB No. 761 — Guidance on Reinforced Measures for Institutions in Jurisdictions with Strategic Deficiencies in FATF Recommendations2026BCB Resolution No. 344 — Amends Circular No. 3,978 of January 23, 20202023BCB Resolution No. 282 — Amends Circular No. 3,978 of January 23, 20202022BCB Resolution No. 119 — Amends Circular No. 3,978 of January 23, 2020, regarding internal policies, procedures, and controls for preventing money laundering and terrorist financing2021Circular No. 4005 — Amends the effective date of Circular No. 3,978, of January 23, 2020, which establishes the policy, procedures, and internal controls to be adopted by institutions authorized by the Central Bank of Brazil to prevent the use of illicit financial systems2020
- Amends
- Circular No. 3691 dated 2013-12-16not in RegAlert
- Issued under
- Lei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil)1964Law No. 11.795 dated 2008-10-08not in RegAlertLaw No. 12.865 dated 2013-10-09not in RegAlertLaw No. 13.260 dated 2016-03-16not in RegAlertLaw No. 9.613 dated 1998-03-03not in RegAlert
- Referred to by
- Central Bank of Brazil Normative Instruction No. 739 of May 29, 20262026Central Bank Resolution No. 561 of April 30, 2026, Amending Resolution BCB No. 277 to Enhance Regulations on the International Payment or Transfer Service (eFX)2026Normative Instruction BCB No. 704 — Discloses procedures, documents, deadlines, and information required for authorization requests for foreign exchange brokers, securities brokers, securities distributors, and virtual asset service providers2026Normative Instruction BCB No. 693 — Establishes Procedures for Remitting Information on Virtual Asset Services in the Foreign Exchange Market2025Normative Instruction BCB No. 636 — Amends the format of information under Circular No. 3,290 of September 5, 20052025
Timeline
Amended 6 times · last 2026-09-23
- 2026-09-23
BCBResolution BCB No. 588 — Amends Circular No. 3,978 of January 23, 2020 Regarding Internal Controls for Preventing Financial System Abuseamends
- 2026-07-09
- 2023-10-04
- 2022-12-31
- 2021-07-27
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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