Resolution No. 4, of June 2, 1999

Resolution No. 4 of 1999 mandates that individuals and legal entities trading in jewelry, stones, and precious metals identify clients, maintain detailed records of transactions exceeding R$ 5,000 in retail or R$ 50,000 in industrial sales, and report suspicious operations to the Financial Activities Control Council (COAF) within 24 hours. The regulation requires the retention of client and transaction records for a minimum of five years and establishes civil and administrative sanctions for non-compliance. It also defines specific suspicious transaction indicators, such as cash payments of R$ 10,000 or more, structuring to avoid reporting thresholds, and transactions lacking economic justification.

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Dispensed with the procedures to be observed by individuals or legal entities that trade in jewelry, stones, and precious metals

Published on 17/09/2020 01:38Modified on 02/07/2021 21:01

Establishes the procedures to be observed by individuals or legal entities that trade in jewelry, stones, and precious metals

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 June 1, 1999, based on § 1 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Lineage: Superseded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 2 times · last 2012-12-20

2012-12-20COAFResolution No. 23 of December 20, 2012supersedes
2012-08-29COAFResolution No. 20, of August 29, 2012 - Revokedsupersedes

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

Resolution No. 4, of June 2, 1999 - Repealed by COAF Resolution No. 23, of December 20, 2012, in force since June 1, 2013 - Established procedures for individuals or legal entities trading in jewelry, stones, and precious metals

Official Gazette of the Union