Resolution Coaf No. 36, of March 10, 2021 — Regulates the manner of adoption of policies, procedures and internal controls for the prevention of money laundering, terrorism financing and the financing of the proliferation of weapons of mass destruction that allow compliance with the provisions of

The resolution obliges entities supervised by the Council for the Control of Financial Activities (Coaf) to adopt, document and maintain AML/CTF/WMD financing policies, procedures and internal controls proportionate to their size, operation volume and risk, including governance structures, internal risk assessments, client and employee due‑diligence processes, and information sharing within conglomerates. It permits exemption for smaller‑size entities upon a detailed justification approved by their administrators and the Coaf President, requires retention of relevant documents for at least five years, and provides that non‑compliance may trigger sanctions under art. 12 of Law 9,613, with the resolution becoming effective on 1 June 2021.

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Resolution Coaf No. 36, of March 10, 2021

Regulates the manner of adoption of policies, procedures and internal controls for the prevention of money laundering, terrorism financing and the financing of the proliferation of weapons of mass destruction that allow compliance with the provisions of arts. 10 and 11 of Law No. 9,613, of March 3, 1998, by those who subject themselves, under the terms of its art. 14, § 1, to the supervision of the Council for the Control of Financial Activities (Coaf). This resolution entered into force on June 1, 2021.

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