RegAlert2019-06-07
Added
Resolution No. 31, June 7, 2019 — Procedures for natural and legal persons regulated by COAF, pursuant to §1 art. 14 of Law No. 9,613 (1998), to comply with sanctions under Law No. 13,810 (2019)
The resolution requires natural and legal persons regulated by COAF to implement internal procedures and employee training to identify clients subject to sanctions under Law 13,810/2019, to immediately freeze and report the unavailability of assets of sanctioned persons, and to electronically notify COAF (and the Ministry of Justice) of such freezes, attempted transfers, and any judicial decisions releasing assets. It also obliges these entities to report, without delay or prior notice to the sanctioned parties, any operations, services, or proposals involving individuals or entities linked to terrorism, financing of terrorism, or related crimes, with reports submitted via COAF’s website and kept confidential. Failure by the entities or their administrators to comply subjects them to the sanctions provided in art. 12 of Law 9,613/1998. COAF must make available on its website the list of persons subject to the sanctions, and the resolution takes effect on its publication date.
Get COAF alerts — same-day email on every new publication.
Provides for the procedures to be observed by natural and legal persons regulated by COAF, pursuant to §1 of art. 14 of Law No. 9,613 of March 3, 1998, for compliance with sanctions imposed under Law No. 13,810 of March 8, 2019; and for the communications referred to in art. 11 of Law No. 9,613 of March 3, 1998, related to terrorism and its financing.
Published on 09/16/2020 00:57 Modified on 03/12/2021 20:26
Share:
Provides for the procedures to be observed by natural and legal persons regulated by COAF, pursuant to §1 of art. 14 of Law No. 9,613 of March 3, 1998, for compliance with sanctions imposed under Law No. 13,810 of March 8, 2019; and for the communications referred to in art. 11 of Law No. 9,613 of March 3, 1998, related to terrorism and its financing.
Read the rest free, and get an email when COAF publishes again
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
More like this from COAF
We email you every new COAF publication the day it's published.