Region: Brazil

Brazil’s new approach to AML/CFT

Demarest partner Fabio de Almeida Braga outlines what practitioners need to know about Brazil’s new risk-based approach to anti-money laundering and countering the financing of terrorism.

10 November 2020

UBS launches Brazilian investment bank despite union reproach

Pinheiro Neto and Lefosse are advising UBS and Banco do Brasil as they launch a Brazilian joint venture – an expansion that has drawn criticism from Brazilian banking union heads.

08 October 2020

Brazilian and Colombian regulators step up green bond efforts

Colombia’s banking regulator has become the first in Latin America to issue a regulatory framework for green bonds, as Brazil’s central bank has also pledged its backing.

17 September 2020

US and Brazil unveil instant payment systems

The US Federal Reserve has announced details of its interbank payment service FedNow despite scepticism over potential competition with the private sector, as the Brazilian central bank reveals a launch date for its own new payments system network, Pix.

14 August 2020

José Eduardo Carneiro Queiroz: 1970 - 2020

José Eduardo Carneiro Queiroz, managing partner of top-tier Brazilian firm Mattos Filho, and considered one of the country’s sharpest minds in the banking and capital markets fields, has died unexpectedly aged 49.

24 July 2020

Pinheiro Neto advising WhatsApp on payments revival attempt in Brazil

WhatsApp is attempting to re-launch its payment platform in Brazil after being suspended within a week of its debut last month, as the central bank’s director says modifying existing regulations was the only way it could permit the service in its original form.

22 July 2020

Brazil holds off from issuing banking probe fines

Six banks will face continued investigation in Brazil for denying services to cryptocurrency brokers, with authorities saying they need more analysis before deciding whether to begin formal proceedings.

27 May 2020

New Brazilian blockchain platform promises easier path to foreign bank entry

Brazil’s central bank has launched a data-sharing blockchain platform, in a move that has been touted to facilitate foreign banks setting up shop in the country.

21 April 2020

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