Anti-Money Laundering Policy
Auctions Brazil offers real estate services specialized in the auction, valuation, and regularization of properties, ensuring security and efficiency at every stage of the process. Our mission is to provide the best experience in real estate investments through auctions.
1. Introduction
This policy aims to establish guidelines for the prevention of money laundering and terrorist financing, ensuring that all operations carried out by Auctions Brazil comply with current legislation, especially Law No. 9,613/98 and its amendments, as well as COFECI resolutions.
2. Objectives
- Ensure compliance: All real estate transactions must align with Brazilian laws regarding anti-money laundering and counter-terrorism financing.
- Identify and report suspicious activity: Implement effective procedures to monitor, identify, and report suspicious activity to the relevant authorities.
- Protect the company’s integrity: Safeguard Auctions Brazil against potential risks of being involved in money laundering or terrorism financing.
3. Applicability
This policy applies to all employees, partners, suppliers, clients, and related third parties. All parties must be aware of and committed to complying with the principles established herein.
4. Definitions
- Money laundering: The process of concealing the illicit origin of financial assets to make them appear legitimate.
- Terrorist financing: The act of providing funds to individuals or groups engaged in terrorist activities.
5. Guidelines
5.1. Customer Identification
- Complete registration: Collect full information, including name, CPF/CNPJ, address, phone number, email, and other relevant data.
- Identity verification: Confirm customer identity through official and valid documentation.
5.2. Transaction Monitoring
- Cash transactions: Closely monitor cash transactions exceeding R$ 100,000.00.
- Suspicious transactions: Flag and monitor transactions with atypical characteristics or unclear justification.
5.3. Suspicious Activity Report
- Communication to COAF: Notify the Financial Activities Control Council (COAF) within 24 hours upon identification of suspicious activity.
- Confidentiality: Preserve the confidentiality of the information and avoid alerting any parties involved.
6. Responsibilities
6.1. Employees
- Policy awareness: Understand and adhere to this policy through mandatory training and periodic updates.
- Detection and reporting: Identify and report suspicious transactions to the appropriate internal authorities.
6.2. Senior Management
- Implementation and oversight: Ensure the effective application of the policy and monitor its compliance.
- Training: Provide appropriate training and support to all employees to prevent money laundering and terrorist financing.
7. Penalties
Failure to comply with this policy may result in administrative and legal sanctions for Auctions Brazil and its representatives, including fines, suspension, and other penalties as provided by law.
8. Contact
For questions or further information, please contact us at [email protected].