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Brazil’s Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Framework: A National Risk Assessment Report
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The Brazilian government has been evaluated on its performance in combating money laundering and financing terrorism through a comprehensive report. The assessment highlights six key pillars that make up the country’s AML/CFT framework: National Cooperation, International Cooperation, Financial Intelligence, Investigation and Indictment Capacity, Trial and Conviction Capacity, and Assets Forfeiture and Recovery.
Pillar 1: National Cooperation
- Score: 0.8 (very high)
- Strengths:
- Institutional articulation through the National Strategy for Corruption and Money Laundering Combat (ENCCLA)
- Public policies by the Ministry of Justice and Public Security (MJSP)
- Opportunities for improvement:
- Structuring an inter-institutional public policy on terrorism financing
- Increasing control mechanisms on Non-Profit Organizations
Pillar 2: International Cooperation
- Score: 0.84 (very high)
- Strengths:
- Solid legal foundation
- Institutional force and powers of the central authority
- Availability of investigative and confidentiality techniques
- Opportunities for improvement:
- Statistics on international cooperation performance
- Effectiveness of information exchange
Pillar 3: Financial Intelligence
- Score: 0.88 (very high)
- Strengths:
- Capability in treating information
- Safety mechanisms
- Dissemination of information and reply to requests for information
- Opportunity for improvement:
- Quality of the information received by Coaf (Financial Intelligence Unit), especially in sectors without regulation
Pillar 4: Investigation and Indictment Capacity
- Score: 0.74 (high)
- Strengths:
- Information gathering among national bodies
- Investigation and prosecution levels
- Access to FIU information
- Opportunities for improvement:
- Statistics on investigation and indictment capacity
- Difficulty obtaining and updating information related to different stages of the procedure
Pillar 5: Trial and Conviction Capacity
- Score: 0.67 (medium-high)
- Strengths:
- Specification and compliance with Judicial Branch National Goals
- Progressive increase of non-criminal procedures
- Opportunities for improvement:
- Statistics on trial and conviction capacity
- Adjusting parameters used to gather statistics according to FATF requirements
Pillar 6: Assets Forfeiture and Recovery
- Score: 0.71 (high)
- Strengths:
- Capacity to freeze assets during investigation and criminal prosecution
- Effectiveness of this mechanism
- Opportunities for improvement:
- Statistics related to assets forfeiture and recovery
If you would like a more detailed analysis or have specific questions regarding the report’s findings, please let me know.