Brazil : Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

1BRAEA2005001 Image
Price:  $15.00

Release Date: © June, 2005
ISBN : 978-1-45180-592-5
Stock #: 1BRAEA2005001
English
Stock Status: On back-order

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Description

This paper presents the report on Brazil’s Observance of Standards and Codes on the Financial Action Task Force Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism. Brazilian authorities report that the major sources of illegal proceeds are crimes against the financial system, drug trafficking, and tax evasion. Law 9613/98 and sector-specific regulations incorporate the financial supervisors into the regime, and they appear to be broadly ensuring compliance by the financial sector.

Taxonomy

Anti-money laundering , IMF governance and operations , International financial system , Operations , Standards and Codes




More publications in this series: IMF Staff Country Reports