The Council for Licensed Remittance Channels (CLRC)
| The Council for Licensed Remittance Channels |
| Fighting the use of informal remittance channels |
| Web Pages, White Papers & Articles |
"This short article is intended to explain the use of money transfers from unsuspecting Brazilians in the US, Europe and other places by Gray Market Operators (GMOs) to fuel a system in which “reais”, normally in cash and the product of illegal activities in Brazil, are deposited in the accounts of the beneficiaries of the money transfer while the dollars or euros given by the senders abroad is used to disburse and move money as part of this “swap” of funds."
Also see: Cornerstone Report: Homeland Securities Investigations Trade Transparency Unit
| Secretariat of the Federal Revenue of Brasil News Page |
| A Associação Brasileira das Empresas Prestadoras de Serviços de Micro-Transferência de Dinheiro (ABMTransf) é uma entidade de classe que reúne as empresas do setor com a missão de auxiliar a tornar a atividade mais acessível, conveniente e segura para todos os operadores, reguladores e usuários dos serviços. |
| Banco Central de Brasil For all Rules and Regulations on Exchange Operations and Foreign Exchange Dealers, including rules that apply to Banks, see http://www.bcb.gov.br under section: "Cambio e Capitais Estrangeiros." Please note that only providers listed on this site are authorized to conduct foreign exchange transactions as payout correspondents. Don't forget to check the sites below, when reviewing your EDD folder on your Brazilian correspondents and counterparties. If their names do not appear listed there, they are breaking the law, and you are helping. -ed. |
| Cartilha de Cambio |
| Handbook for Small Foreign Exchange Transactions (translated into English) |
| Title 1, chapter 1, items 25 and 26 of the Brazilian International Capital and Foreign Exchange Market Regulation - RMCCI - issued by the Central Bank of Brazil |
Regulamento do Mercado de Cambio e Capitais Internacionais
Instituições Financeiras e Outros Intermediarios Autorizados no Brasil
Brazilian Daily Exchange Rates
Links related to the Brazilian's Foreign Exchange Market Regulation.
1) The link below gives access to the list of all institutions that are authorized by the Central Bank of Brazil (BACEN) to operate in the foreign exchange market. Unfortunately, the list is in Portuguese.
Instituições autorizadas a operar no mercado de câmbio pelo Banco Central do Brasil
2) This link gives access to the Exchange Rate between US Dollars and Brazilian Reais. There are several options to find quotations and the site is available in English.
Central bank Exchange Rates
3) The link below contains the entire regulation issued by the Central Bank of Brazil regarding the Foreign Exchange Market, and it is available in English.
International Capital and Foreign Exchange Market Regulation - RMCCI
Older Stuff
10/8/2008
MSB Industry Pushes Regulators to Address Brazilian Currency Transmitters
11/6/2007
Article on Tax Evasion and Doleiros
August 2007
U.S. Money Transmitters in the Brazilian Doleiro Currency Market
9/28/2006
Bank of America Acknowledges Illicit Funds Moved Through a Manhattan Branch
September 28, 2006... By David Cay Johnston... NY Times
Instituições Financeiras e Outros Intermediarios Autorizados no Brasil
Brazilian Daily Exchange Rates
Links related to the Brazilian's Foreign Exchange Market Regulation.
1) The link below gives access to the list of all institutions that are authorized by the Central Bank of Brazil (BACEN) to operate in the foreign exchange market. Unfortunately, the list is in Portuguese.
Instituições autorizadas a operar no mercado de câmbio pelo Banco Central do Brasil
2) This link gives access to the Exchange Rate between US Dollars and Brazilian Reais. There are several options to find quotations and the site is available in English.
Central bank Exchange Rates
3) The link below contains the entire regulation issued by the Central Bank of Brazil regarding the Foreign Exchange Market, and it is available in English.
International Capital and Foreign Exchange Market Regulation - RMCCI
Older Stuff
10/8/2008
MSB Industry Pushes Regulators to Address Brazilian Currency Transmitters
11/6/2007
Article on Tax Evasion and Doleiros
August 2007
U.S. Money Transmitters in the Brazilian Doleiro Currency Market
9/28/2006
Bank of America Acknowledges Illicit Funds Moved Through a Manhattan Branch
September 28, 2006... By David Cay Johnston... NY Times
