Key Takeaways:
Under Instruction 739, Brazil mandates CVM-registered independent audits to grant crypto licenses.Claudia Sheinbaum inked a €5B EU deal, allowing Mexico to coordinate global anti-laundering rules.Marco Rubio labeled CV and PCC as global terrorists, with FTO compliance penalties starting on June 5.Under Normative Instruction No. 739, issued on Friday, the bank now requires VASPs to present an independent audit from an entity registered with the Brazilian Securities and Exchange Commission (CVM) to issue operational licenses.
The audits, referred to as “reasonable assurance reports,” must contain data assessing the VASP’s legal compliance in different aspects, including institutional policy, organizational structure, and employee training; internal risk assessment regarding the use of the company’s products and services in the commission of money laundering and terrorism financing crimes; and procedures designed to get to know your customers.
Mexico and the EU Join Forces to Target Global Crypto Money Laundering Trump Administration Labels Brazil’s Deadliest Gangs as Specially Designated Global Terrorists
