Resolution No. 6 of July 2, 1999 - Procedures for Credit and Accreditation Card Administrators

Resolution No. 6 establishes procedures for credit and accreditation card administrators to prevent and combat money laundering by requiring client identification, maintenance of transaction records, and reporting of suspicious operations to the Financial Activities Control Council (COAF). Administrators must retain records for at least five years, designate a compliance officer by July 30, 1999, and report suspicious activities within 24 hours of identification. The resolution defines specific suspicious transaction indicators and stipulates that non-compliance results in sanctions under Law No. 9,613/1998.

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Published on 02/07/2021 19:17

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 Article 14 of Law No. 9,613 of March 3, 1998, resolved:

Section I
Preliminary Provisions

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Lineage: In force

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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