Council for Financial Activities Control

The Council for Financial Activities Control (in Portuguese, Conselho de Controle de Atividades Financeiras - COAF) was created in 1998 "under the jurisdiction of the Ministry of Finance

Ministry of Finance (Brazil)

The Ministry of Finance of Brazil was created in 1808 with the title Secretaria de Estado dos Negócios do Brazil e da Fazenda. The ministry is responsible for formulating and implementing the country's economic policy.-External links:*...

, for the purpose of regulating, applying administrative sanctions, receiving pertinent information, examining and identifying suspicious occurrences of illicit activities related to money laundering

Money laundering

Money laundering is the process of disguising illegal sources of money so that it looks like it came from legal sources. The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote estimates each year for the amount...

External links

Official website in English
Official website in Portuguese

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