NEW BRAZIL BANK REGULATIONS REQUIRE SIGNIFICANT COMPLIANCE CHANGES

On 20 May, a post on the FCPA Blog says that in October, new regulations from the Brazilian Central Bank will go into effect.  As the post mentions, the new regulations cannot be unconnected to Brazil being due to undergo a FATF evaluation next year.  The post provides an introduction to the new regulation which further increase obligations covering various compliance aspects.

https://fcpablog.com/2020/05/20/new-brazil-bank-regulations-require-significant-compliance-changes/

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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