Resolution BCB No. 588 — Amends Circular No. 3,978 of January 23, 2020 Regarding Internal Controls for Preventing Financial System Abuse

The Collegiate Board of the Central Bank of Brazil, in a session held on September 22, 2026, based on Articles 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, caput, item III of Law No. 11,795 of October 8, 2008, and 15 of Law No. 12,865 of October 9, 2013, and considering 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,

R E S O L V E:

Art. 1. Circular No. 3,978 of January 23, 2020, published in the Official Gazette of the Union on January 24, 2020, shall enter into force with the following amendments:

“Section II

On Communication of Specific Operations

Art. 49. ..................................................

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II - operations relating to payments, receipts and transfers of resources, through any instrument, against payment in cash, of a value equal to or greater than R$50,000.00 (fifty thousand reais);

III - the request for provisioning of cash withdrawals of a value equal to or greater than R$50,000.00 (fifty thousand reais) referred to in Article 36;

IV - foreign exchange operations with delivery or receipt of foreign currency in cash of a value equal to or greater than US$10,000.00 (ten thousand United States dollars) or its equivalent in other currencies; and

V - operations relating to transfers of virtual assets to or from self-custody wallets of a value equal to or greater than the equivalent of US$10,000.00 (ten thousand United States dollars).

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Art. 2. This Resolution enters into force on October 1, 2026.

NILTON JOSÉ SCHNEIDER DAVID
Substitute Director of Regulation