Resolution No. 3 of June 2, 1999

Resolution No. 3 establishes procedures for entities distributing money or assets via lottery or similar methods to prevent money laundering. It mandates the identification of winners and the maintenance of records for prizes valued at R$ 10,000.00 or more, requiring specific personal data including CPF numbers. Entities must report suspicious transactions to the COAF within twenty-four hours and retain records for a minimum of five years, with non-compliance subject to sanctions under Law No. 9,613/1998.

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Published on 17/09/2020 14:43 Modified on 05/01/2021 10:15

Provides for the procedures to be observed by entities that carry out, directly or indirectly, the distribution of money or any movable or immovable assets, by lottery or similar method.

The President of the Financial Activities Control Council - COAF, using the attribution conferred by item IV of art. 90 of the Council's Statute, approved by Decree No. 2,799, of October 8, 1998, makes public that the Plenary of the Council, in a session held on June 1, 1999, based on § 10 of art. 14 of Law No. 9,613, of March 3, 1998, resolved:

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Lineage: Superseded

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

Timeline

Amended 4 times · last 2013-11-06

2013-11-06COAFResolution No. 27, November 6, 2013supersedes
2012-08-29COAFResolution No. 20, of August 29, 2012 - Revokedsupersedes
2009-08-26COAFResolution No. 18 of August 26, 2009 - Revokedsupersedes
2000-12-05COAFResolution No. 9, 5 December 2000 - Revokedamends

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