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Central Bank regulates new sanctions regime and administrative penalties

The BACEN published on November 14, 2017, Circulars Nos. 3,857 and 3,858 to regulate, respectively, the new sanctioning regime of BACEN, as provided in Law 13,506 / 2017, and the parameters for applying the administrative penalties in question Law No. 9,613 of March 3, 1998.

These standards are part of BACEN’s initiative to make the administrative sanctioning process more efficient as a supervisory tool and is part of the “Latest Legislation” pillar of the BC + Agenda.

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