Resolution No. 2, of April 13, 1999 - Revoked

Resolution No. 2 establishes procedures for factoring companies to prevent and combat money laundering by requiring client identification, maintenance of updated registries, and recording of transactions exceeding R$ 10,000.00. These entities must report suspicious operations to the Financial Activities Control Council (COAF) within twenty-four hours and retain records for a minimum of five years. The resolution defines specific suspicious transaction indicators and authorizes COAF to impose sanctions for non-compliance.

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Published on 17/09/2020 01:38 Modified on 16/12/2020 15:35

Provides for the procedures to be observed by factoring companies - revoked by Resolution No. 12

The President of the Financial Activities Control Council – COAF, using the attribution conferred by item IV of art. 9 of the Statute approved by Decree No. 2,799, of October 8, 1998, makes public that the Plenary of the Council, in a session held on April 7, 1999, based on § 1 of art. 14 of Law No. 9,613, of March 3, 1998, resolved:

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Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

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