Brazil: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
June 20, 2005
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This paper presents the report on Brazil’s Observance of Standards and Codes on the Financial Action Task Force Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism. Brazilian authorities report that the major sources of illegal proceeds are crimes against the financial system, drug trafficking, and tax evasion. Law 9613/98 and sector-specific regulations incorporate the financial supervisors into the regime, and they appear to be broadly ensuring compliance by the financial sector.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banco central, bank information, bank secrecy, central bank, CR, financial institution, financing, foreign exchange, government of the Federative Republic of Brazil, ISCR, Legal support in revenue administration, Money laundering, offence, predicate offence, regulation, STR data, Terrorism financing
Pages:
12
Volume:
2005
DOI:
Issue:
207
Series:
Country Report No. 2005/207
Stock No:
1BRAEA2005001
ISBN:
9781451805925
ISSN:
1934-7685
