RegAlert2013-01-16
Added
Resolution No. 25, of 16 January 2013
Natural and legal persons that trade luxury or high‑value movable goods or act as intermediaries must keep client registries and transaction records for operations equal to or above R$ 10,000 (or equivalent in another currency), retain those records for at least five years, and report to COAF any cash operations of R$ 30,000 or more within six months as well as any suspicious transactions that may indicate money‑laundering or terrorist financing; they must also register with COAF, update their registration, and comply with COAF requests, with non‑compliance and that of their administrators subject to the sanctions provided in Law No. 9.613, and the resolution entered into force on 1 March 2013.
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Published on 14/01/2021 12:38 Modified on 16/04/2021 14:15 *
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THE PRESIDENT OF THE COAF (COUNCIL FOR FINANCIAL ACTIVITY CONTROL), exercising the authority conferred by item IV of art. 9 of the Statute approved by Decree No. 2.799, of 8 October 1998, makes public that the Plenary of the Council, based on art. 7, items II, V and VI of the said Statute, in a session held on 16 January 2013, deliberated and approved the following Resolution, in accordance with the provisions of arts. 9, 10, 11 and 14, caput and § 1, all of Law No. 9.613, of 3 March 1998.
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Lineage: In force
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