RIO DE JANEIRO, BRAZIL - The Central Bank released a note on Monday, August 19th, in which it reported that President Jair Bolsonaro had issued a Provisional Measure (PM) transferring COAF from the Ministry of Economy to the Central Bank.
According to the note, the Financial Activities Control Council will henceforth be called the Financial Intelligence Unit and will enjoy "technical and operational independence".
Earlier this Monday, Julia Duailibi, a G1 and GloboNews columnist, reported that the PM text would be published on Tuesday, August 20th, in the Federal Gazette.
Provisional measures have the force of law as soon as they . . .