Case No. 11893.100533/2022-13

The document pertains to a court decision regarding Cobre Fomento Mercantil Ltda. and Paulo Aires Galvão Franca, who were found responsible for administrative infractions related to factoring operations. The Plenário do Conselho de Controle de Atividades Financeiras (Coaf) imposed monetary penalties on both individuals and the company. The main purpose of this decision is to enforce compliance with financial regulations, specifically in regards to reporting requirements for factoring activities. This ruling will have an impact on the industry by emphasizing the importance of maintaining accurate records and adhering to Coaf's guidelines to avoid future sanctions.