Did you know that Law 6,385/76, in its article 27, requires financial institutions to maintain internal control systems to prevent and detect suspicious money laundering operations? But what exactly is money laundering and how is it fought in Brazil?

Money Laundering: It is the process of transforming illegally obtained resources into seemingly legitimate assets, concealing their illicit origin. In Brazil, Law No. 9,613/98 defines the crimes of money laundering and establishes measures for its combat. Furthermore, Law No. 7,170/83 defines crimes against national security, political and social order, including aspects related to the financing of terrorism.

Regulation and Combat: The Securities and Exchange Commission (CVM) is the entity responsible for overseeing the securities market in Brazil, as established by Law 6,385/76. It acts in the prevention and repression of fraudulent practices, such as simulated operations aimed at manipulating prices or trading volumes, known as "spoofing".

These legislations and regulatory bodies play a crucial role in maintaining the integrity of the national financial system, ensuring that suspicious operations are identified and properly addressed.