MONEY LAUNDERING CRIME: CIRCULAR LETTER N 4,001/2020 AND ITS AMENDMENTS

Abstract

The money laundering law aims to criminalize the conduct of hiding profits obtained improperly, and more than criminalizing, it seeks, through the parameters of current regulations, to prevent and resolve this type of crime through pedagogical penalization. In this sense, Circular Letter N°4001/2020 came to complement and address methods so that prevention and combating the crime of money laundering are effective, since the evolution experienced by the financial market has seen the need for new rules were created and existing ones were adjusted, adapting to the products and services offered by financial institutions today. With this objective, through Circular Letter 4,001, situations and operations that are suspected of constituting a crime of money laundering and concealment of assets, rights and values were described, and could thus be communicated to COAF, and for this reason the standard also provides for procedures and forms of monitoring, with the aim of identifying suspicious situations involving customers, employees, partners and also service providers in Financial Institutions. Thus, this work aims to demonstrate the importance of Circular Letter No. 4001/2020 for curbing the crime of money laundering, for this purpose, the bibliographic review method relevant to the topic was used.