Cripto_Beto
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For those who have questions about the message appearing for residents in Brazil, law 6.385/96 regulates various types of transactions, one of which is money laundering that many use in the cryptocurrency market.
Law 6.385/76, in its article 27, establishes that financial institutions and financial intermediaries must maintain an internal control system to prevent and detect suspicious money laundering operations.
Money Laundering
Money laundering is the process by which money obtained illegally is transformed into seemingly legitimate money, with the aim of concealing its illicit origin.
Regulation of Money Laundering
Law 6.385/76 establishes rules for the prevention and combat of money laundering, including:
1. *Declaration of suspicious operations*: Financial institutions and financial intermediaries must report any suspicious money laundering operations to the Central Bank of Brazil and the Securities and Exchange Commission (CVM).
2. *Maintenance of records*: Financial institutions and financial intermediaries must maintain records of all operations carried out, including the identification of clients and the nature of the operations.
3. *Employee training*: Financial institutions and financial intermediaries must train their employees to identify and report suspicious money laundering operations.
Importance of Regulation
The regulation of money laundering is important for:
1. *Preventing money laundering*: Regulation helps to prevent money laundering, protecting the financial system and the economy as a whole.
2. *Protecting the integrity of the financial system*: Regulation helps to protect the integrity of the financial system, maintaining the trust of investors and the general public.
3. *Combating organized crime*: Regulation helps to combat organized crime, which often uses money laundering to finance its activities.
#BybitHackLaunderingInvestigation
Law 6.385/76, in its article 27, establishes that financial institutions and financial intermediaries must maintain an internal control system to prevent and detect suspicious money laundering operations.
Money Laundering
Money laundering is the process by which money obtained illegally is transformed into seemingly legitimate money, with the aim of concealing its illicit origin.
Regulation of Money Laundering
Law 6.385/76 establishes rules for the prevention and combat of money laundering, including:
1. *Declaration of suspicious operations*: Financial institutions and financial intermediaries must report any suspicious money laundering operations to the Central Bank of Brazil and the Securities and Exchange Commission (CVM).
2. *Maintenance of records*: Financial institutions and financial intermediaries must maintain records of all operations carried out, including the identification of clients and the nature of the operations.
3. *Employee training*: Financial institutions and financial intermediaries must train their employees to identify and report suspicious money laundering operations.
Importance of Regulation
The regulation of money laundering is important for:
1. *Preventing money laundering*: Regulation helps to prevent money laundering, protecting the financial system and the economy as a whole.
2. *Protecting the integrity of the financial system*: Regulation helps to protect the integrity of the financial system, maintaining the trust of investors and the general public.
3. *Combating organized crime*: Regulation helps to combat organized crime, which often uses money laundering to finance its activities.
#BybitHackLaunderingInvestigation
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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