Earlier last week the Brazilian government enacted Law n.
13.974/2020 which provides for the restructuring of the Financial
Activities Control Council – COAF, with significant changes
in relation to those provided by the Provisional Measure n. 893
which was issued by the government in August 2019.
The new law changed back the COAF’s name, which had
previously been changed to Financial Intelligence Unit – UIF,
by the Provisional Measure.
The law also amended COAF’s organizational structure,
which previously was composed of 11 Councilors, a President and an
Executive Secretary. In the Provisional Measure n. 893, the UIF
would be pided in an Advisory Council, composed of the President
and 08 to 14 Councilors, and Administrative Technical Staff,
composed of Executive Secretary and Specialized Boards. The new law
creates a different organizational structure with Presidency;
Plenary, composed of COAF’s President and 12 effective public
officials, and Technical Staff, now
