The Brazil Securities Commission has issued Resolution 245, amending Resolution 50 on anti-money laundering, terrorist financing and proliferation financing controls to require enhanced due diligence for transactions or situations involving nonresident investors from jurisdictions on Financial Action Task Force lists. The targeted amendment is meant to bring CVM rules into closer alignment with FATF Recommendation 19 as part of Brazil's follow-up to its latest mutual evaluation. New Article 17-A requires firms to apply the measures already set out in Article 16 and to adopt additional minimum procedures under enhanced due diligence when a client is classified as a nonresident investor from a listed jurisdiction. The same duties also extend beyond nonresident investors themselves to any clients, whether nonresident or not, that are directly or indirectly linked to those jurisdictions through corporate structures, control chains, beneficial owners or representatives, as well as to other high-risk situations derived from the FATF lists. Resolution 245 takes effect on July 15, 2026. CVM said the amendment was exempted from regulatory impact analysis and public consultation because it is a targeted market-integrity measure, and it is separate from the broader review of Resolutions 13 and 50 scheduled in the CVM's 2026 regulatory agenda.

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