Anbima has released the fifth edition of its guide for the prevention of money laundering, combating the financing of terrorism (AML/CFT)  and the financing of the proliferation of weapons of mass destruction (WMD).

The guide brings together recommended procedures for monitoring, analyzing and reporting transactions that may indicate money laundering or concealment of assets, rights and values related to investment funds and securities portfolios.

Updated guidance for Brazil’s fund industry

This edition updates Anbima’s recommendations to reflect market changes since the previous version and incorporates adjustments introduced by Resolution 175, the new regulatory framework for Brazilian investment funds issued by the Securities and Exchange Commission of Brazil (CVM). The changes include the addition of terms such as class and subclass, aligning the guide with the current structure of the Brazilian fund industry.

Among the main updates, the guide expands the responsibilities of asset managers, which must now carry out due diligence when hiring distributors. It also reinforces the use of a risk-based approach, internal risk assessments, governance practices, know-your-client procedures, monitoring of unusual situations, training, information sharing and effectiveness assessments.

International standards and advisory lists

In line with international best practices recommended by the Financial Action Task Force (FATF), the new edition also expands the list of suggested sources that institutions may consult when checking individuals, companies and countries for potential links to terrorist financing, sanctions and the proliferation of weapons of mass destruction.

The guide is intended for firms operating in Brazil’s financial and capital markets, including fiduciary administrators, asset managers, distributors, custodians, bookkeepers, intermediaries, non-resident investor representatives and securitization companies. 

It is a reference document for informational purposes only and does not replace the regulations in force. It is not part of Anbima’s self-regulatory framework and, therefore, financial institutions will not be supervised based on its content.