16 April 2020 – Delayed implementation of anti-money laundering rules

Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National

Overview: The Banco Central do Brasil postponed the entry into force of the regulations on internal policies, procedures and controls to be adopted by the regulated institutions in preventing the use of the financial system for the practice of crimes of “laundering” or concealment of assets, rights and values ​​and financing of terrorism (PLDFT). The new rules were due to take effect in July and, with the change, take effect on October 1.
Full details here: https://www.bcb.gov.br/detalhenoticia/17048/nota