Ruling No. 1,445/2013 of the Federal Accounting Counsel, enforceable as of January 1st, 2014, provided for the obligation that accountants and accounting companies denounce to the Counsel of Control of Financial Activities – COAF – transactions suspicious of money laundering. This rule complies with the provisions of Money Laundering Act (Law No. 9,613/1998, amended by Law No. 12,683/2012).
Accountants, assessors or accounting counselors must inform COAF of all services involving the receipt of amounts higher than R$ 30K in cash or check to holder and acquisition of assets, payments, incorporation of a company or capital increase higher than R$100K paid in cash.
Accounting professionals must also keep records with the identification of client, description, date and value of operation, and payment means.
(Ruling CFC No. 1,445, 07.26.2013, Official Gazette of 07.30.2013).