trending Market Intelligence /marketintelligence/en/news-insights/trending/m-GvOVX-fC2hM3BD8UiMsw2 content esgSubNav
In This List

Brazil central bank proposes new anti-money laundering measures

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Brazil central bank proposes new anti-money laundering measures

Banco Central do Brasil initiated a 60-day public consultation on proposed measures to fight money laundering and terrorism financing.

"The proposals aim to improve the internal risk model of institutions, aligning Brazilian regulation with the most recent recommendations of the Financial Action Task Force," the central bank said in a statement.

The new measures will require financial institutions in Brazil to adopt procedures compatible with the degree of their exposure to money laundering risk. Risk classification categories should take into account customer profiles, partners, products and third-party service providers, among other factors.

Brazilian central bank chief Ilan Goldfajn met with FATF representatives on Jan. 17, Diário Comércio Indústria & Serviços reported.