RegAlert2012-12-20
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Resolution No. 23 of December 20, 2012
Resolution No. 23 establishes anti-money laundering and counter-terrorist financing procedures for physical and legal entities trading in jewelry, stones, and precious metals. It mandates the implementation of prevention policies, customer due diligence, and record-keeping, with mandatory reporting to the COAF for cash transactions of R$30,000 or more, suspicious activities, or when no reportable operations occur during the year. Entities must maintain records for at least five years and are subject to sanctions under Law No. 9,613/1998 for non-compliance.
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Published on 16/09/2020 01:01 Modified on 07/12/2020 10:52
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Provides for the procedures to be adopted by natural or legal persons who trade in jewelry, stones, and precious metals, in accordance with § 1 of Article 14 of Law No. 9,613, of 1998.
Provides for the procedures to be adopted by natural or legal persons who trade in jewelry, stones, and precious metals, in accordance with § 1 of Article 14 of Law No. 9,613, of 3.3.1998.
THE PRESIDENT OF THE FINANCIAL ACTIVITIES CONTROL COUNCIL – COAF, using the authority granted by item IV of Article 9 of the Statute approved by Decree No. 2,799, of 8.10.1998, makes public that the Plenary of the Council, based on Article 7, items II, V, and VI of said Statute, in a session held on 5.12.2012, deliberated and approved the Resolution below, in conformity with the norms contained in Articles 9, 10, 11, and 14, caput and § 1, all of Law No. 9,613, of 3.3.1998.
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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