🇧🇷Brazil

Perdas por Fraudes e Lavagem em Fundos de Pensão

1 verified sources

Definition

PREVIC Resolution 23/2023 mandates risk-based AML for closed pension funds, including STRs to COAF within 24 hours for >R$100,000 cash transactions.

Key Findings

  • Financial Impact: Fines up to R$20,000,000 or 2x transaction value; criminal fines plus 3-10 years imprisonment; asset confiscation.
  • Frequency: Per non-compliant transaction, with 24-hour reporting deadline.
  • Root Cause: Manual verification delays in funding calculations allowing undetected suspicious activities.

Why This Matters

The Pitch: Pension Funds in Brasil 🇧🇷 lose millions to AML violations in actuarial funding. Automated transaction monitoring to COAF prevents penalties.

Affected Stakeholders

Compliance Officers, Fund Administrators, Actuarial Teams

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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