Resolution No. 5, of July 2, 1999 - Revoked

Legal entities operating bingo or similar games must identify all prize winners and maintain records of any prize delivery or payment valued at R$ 2,000.00 or higher, including detailed personal information. These entities are required to report suspicious transactions to the Financial Activities Control Council (COAF) within twenty-four hours, specifically when accumulated prizes exceed R$ 5,000.00 monthly, R$ 10,000.00 quarterly, or R$ 30,000.00 annually for the same winner, or when payments exceed collected revenue. Non-compliance results in sanctions under Law No. 9,613 of 1998, and records must be kept for a minimum of five years.

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Published on 17/09/2020 01:39 Modified on 16/12/2020 15:35

Provides for the procedures to be observed by legal entities that operate bingo and/or similar games

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 October 8, 1998, makes it public that the Plenary of the Council, in a session held on June 30, 1999, based on Articles 9, Sole Paragraph, item VI, and 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Lineage: Superseded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 2013-11-06

2013-11-06COAFResolution No. 27, November 6, 2013supersedes
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