meta_id 3313283

On July 9, 2026, the Brazilian Central Bank (BCB) published Normative Instruction n° 761, which provides guidance to authorized financial institutions on implementing enhanced due diligence measures for operations and business relationships involving clients, correspondent financial institutions, and partners located in countries and territories with strategic deficiencies in implementing Financial Action Task Force (FATF) recommendations. The instruction supplements BCB Circular n° 3.978 of January 23, 2020, which establishes anti-money laundering and counter-terrorism financing policies, procedures, and internal controls for authorized institutions. The normative instruction specifies minimum risk mitigation measures that institutions must adopt when engaging with high-risk jurisdictions identified by the FATF. These measures include obtaining, verifying, and validating additional information about the qualifications of clients and partners; conducting supplementary analysis of the economic or legal basis for operations and business relationships; implementing enhanced monitoring of transactions; increasing the frequency of updating customer information; and maintaining detailed documentation of analyses, conclusions, and decisions. For correspondent financial institutions and partners, institutions must evaluate the viability of initiating or continuing business relationships when unacceptable or non-mitigable risks are identified, and may impose operational limits. Similar procedures apply to clients, though with adapted requirements. The instruction does not create autonomous obligations separate from Circular n° 3.978 but aims to increase interpretative clarity and standardize supervisory procedures for higher-risk situations associated with FATF-identified jurisdictions. The instruction entered into force on July 9, 2026, upon publication. The BCB determined that a regulatory impact analysis was not required, as the normative instruction aligns Brazilian regulation with international FATF standards and recommendations. REFERENCES: https://www.bcb.gov.br/