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.
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Notes
- 1.
Anti-Money Laundering (AML) in Brazil, http://bankersacademy.com/resources/free-tutorials/57-ba-free-tutorials/626-aml-brazil.
- 2.
José Luiz Homem de Mello, Ricardo Binnie, Ana Cristina do Val Fausto (..): The New Regulatory Framework for AML in Brazil, International Bar Association, https://www.ibanet.org/article/D7273F5F-ABAF-4B44-90AB-16CF5095FBB6.
- 3.
UNODC (2012): Brazil Moves Forward in the Fight Against Money Laundering, https://www.unodc.org/lpo-brazil/en/frontpage/2012/07/10-brasil-avanca-no-combate-a-lavagem-de-dinheiro.html.
- 4.
UNODC (2012): Brazil Moves Forward in the Fight Against Money Laundering, https://www.unodc.org/lpo-brazil/en/frontpage/2012/07/10-brasil-avanca-no-combate-a-lavagem-de-dinheiro.html.
- 5.
Carolina Vaissman Uribe (2021): Data Protection and Cybersecurity Laws in Brazil, CMS, https://cms.law/en/int/expert-guides/cms-expert-guide-to-data-protection-and-cyber-security-laws/brazil.
- 6.
José Luiz Homem de Mello, Ricardo Binnie, Ana Cristina do Val Fausto (..): The New Regulatory Framework for AML in Brazil, International Bar Association, https://www.ibanet.org/article/D7273F5F-ABAF-4B44-90AB-16CF5095FBB6.
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Lessambo, F.I. (2023). AML/CFT and Cybersecurity Laws in Brazil. In: Anti-Money Laundering, Counter Financing Terrorism and Cybersecurity in the Banking Industry. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-23484-2_22
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