Hello!
To view this content, please sign up or log in – it’s free and easy! Stay ahead with curated regulatory insights designed for professionals like you.
Brief
Summary:
The Plenary of Brazil's Financial Activities Control Committee (Coaf) concluded its examination of 9 Administrative Sanctioning Processes (PAS) on December 13, 2023, through a video conference. The cases involved companies directly supervised by Coaf in matters of preventing money laundering and financing of terrorism and proliferation of weapons of mass destruction. The infractions punished related to non-compliance with identification and maintenance of updated client records, record-keeping, and implementation of anti-money laundering/anti-terrorist financing policies. As a result, Coaf collected R$ 188.4 million in fines from the 647 PAS it has judged since exercising its residual competence to supervise companies subject to its oversight.
Highlights content goes here...
Hello!
To view this content, please sign up or log in – it’s free and easy! Stay ahead with curated regulatory insights designed for professionals like you.
RADA.AI
Hello! I'm RADA.AI - Regulatory Analysis and Decision Assistance. Your Intelligent guide for compliance and decision-making. How can i assist you today?
Suggested
