RegAlert1999-09-15
Added
Resolution No. 8 of September 15, 1999 - Revoked
Resolution No. 8 establishes procedures for individuals and legal entities trading in art and antiques to prevent money laundering, requiring client identification, transaction records for operations exceeding R$ 5,000, and reporting of suspicious activities to the Financial Activities Control Council (COAF) within 24 hours. It mandates the retention of records for at least five years and subjects non-compliance to sanctions under Law No. 9,613/1998. The resolution defines specific suspicious operation indicators, such as cash transactions of R$ 10,000 or more, structuring near reporting thresholds, and payments involving foreign accounts, and was revoked by Resolution No. 28.
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Published on 17/09/2020 14:37 Modified on 16/12/2020 15:35
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Provides for the procedures to be observed by individuals or legal entities that trade in art and antiques - Revoked by Resolution No. 28
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 it public that the Plenary of the Council, in a session held on September 14, 1999, based on § 1 of art. 14 of Law No. 9,613, of March 3, 1998, resolved:
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Lineage: In force
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