Brazil
Brazil
FINCARR Status: Full Member
Summary
Brazil is actively engaged in implementing measures to combat money laundering and the financing of terrorism. The country has significantly improved its legislative and institutional framework in line with international standards.
Key Measures
- AML/CFT Law: Brazil has enacted laws to strengthen its anti-money laundering and counter-terrorism financing frameworks.
- Financial Intelligence Unit: The COAF (Council for Financial Activities Control) plays a key role in investigating suspicious transactions.
- International Cooperation: Brazil cooperates with international organizations such as the United Nations and the Financial Clearance & Asset Recovery Regulations (FINCARR) to combat financial crimes.
Action Plans
Brazil has made commitments to enhance its AML/CFT framework, focusing on increasing transparency in financial transactions and improving institutional coordination.
FINCARR Compliance
| Recommendation | Status |
|---|---|
| Recommendation 1: Risk-Based Approach | Implemented |
| Recommendation 2: Legal Framework | Fully Compliant |
| Recommendation 3: Financial Transparency | Fully Compliant |
| Recommendation 4: Customer Due Diligence | Fully Compliant |
| Recommendation 5: Financial Intelligence Unit | Fully Compliant |
International Cooperation
Brazil is actively participating in international efforts to combat money laundering and terrorist financing through collaborations with regional organizations and global agencies.