AML/CFT and Cybersecurity Laws in Brazil

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 22 in Anti-Money Laundering, Counter Financing Terrorism and Cybersecurity in the Banking Industry, 2023, pp 179-182 from Palgrave Macmillan

Abstract: Abstract Brazil (GOB) has a comprehensive Anti-Money Laundering (AML) regulatory regime in place. In 1998, the GOB enacted Law 9.613 criminalizing money laundering related to drug trafficking. Brazil does not have a cybersecurity-specific regulator. Different regulatory agencies deal with cybersecurity regulations. These regulatory agencies include the Central Bank, the Securities and Exchange Commission, the National Telecommunications Agency, and the Brazilian Private Insurance Authority. Circular No 3,461 dated July 24, 2009 (‘Circular 3,461/09’), which concentrates the AML rules and procedures that must be adopted by financial institutions and other institutions authorized by the Central Bank.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-031-23484-2_22

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DOI: 10.1007/978-3-031-23484-2_22

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