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

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

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