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Coaf Steps Up Enforcement On Luxury Brands And Automakers: Multimillion-real Fines For Anti-money Laundering Failures
Brazil's Financial Activities Control Council has imposed a BRL 7.4 million fine on Stellantis Automóveis Brasil for failing to comply with anti-money laundering rules, marking part of a broader enforcement push targeting luxury brands and automakers. The penalty highlights the critical importance of maintaining proper AML controls, client recordkeeping, and reporting unusual transactions for businesses dealing in high-end goods.

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