Daily Compliance Brief — CVM Amends AML Rules for Non-Resident Investors from High-Risk Jurisdictions

July 3, 2026

Signal

The Brazilian Securities and Exchange Commission (CVM) issued Resolution CVM 245 on 2 July 2026, amending Resolution CVM 50 on anti-money laundering and counter-terrorist financing requirements. According to the CVM's published statement and accompanying technical note, the changes address the treatment of transactions and situations involving non-resident investors originating from jurisdictions that do not adequately apply FATF recommendations.

The amendment reinforces expectations that securities market participants apply enhanced controls when dealing with higher-risk jurisdictions and align their frameworks with evolving international AML/CFT standards. Although the changes are targeted and limited in scope, they introduce additional considerations for customer risk assessments and onboarding processes involving foreign investors.

The development highlights continued regulatory attention on country risk management and the integration of international standard-setting outcomes into domestic financial crime frameworks.

Why it matters

Organizations with exposure to non-resident investors may need to reassess customer risk methodologies, onboarding procedures, and due diligence measures involving jurisdictions subject to heightened AML/CFT concerns.

Control environments should ensure that country risk indicators, escalation processes, and monitoring scenarios appropriately capture exposures associated with investors from jurisdictions that do not adequately implement FATF recommendations.

Governance and reporting arrangements should demonstrate how regulatory changes affecting customer risk classification and enhanced due diligence requirements are assessed, implemented, and incorporated into enterprise-wide financial crime risk management processes.