Antonio Juan Ferreiro
Cunha
Civil engineer graduated from Mackenzie University, with a postgraduate degree in business administration from FGV and an MBA in Controllership from Fipecafi. Deputy Head of the Department of Conduct Supervision, he has been a staff member at the Central Bank for 32 years. He has worked in foreign capital areas, foreign exchange market monitoring, and since 2000, in anti-money laundering and counter-terrorist financing.
BCB | FATF description (Brazil MER)
The Central Bank of Brazil (BCB) is the competent authority to authorize and supervise the financial institutions (FI) of the National Financial System (SFN), in accordance with Article 10, Item IX and X of Law No. 4,595/1964. It is also responsible for administering the regular operation of the foreign exchange market (Law 4595/1964). BCB monitors and supervises the SFN’s entities to guarantee their compliance with the legislation and regulation on AML/CFT, in accordance with the National Monetary Council’s guidelines. In 1999, after the enaction of Law 9,613/1998, BCB’s Department for Combating Financial and Exchange Illicit (DECIF) was created with the purpose of implementing AML policies in the National Financial System. Since 2012, BCB’s Conduct Supervision Department (DECON) has the responsibility of implementing a Risk Based Approach for AML/CFT Supervision. In 2019, BCB implemented the ‘twin peaks’ model of financial supervision, entrusting two deputy governors in its Board the responsibilities for supervising FIs: the Deputy Governor for Supervision (DIFIS), for prudential supervision, and the Deputy Governor for Institutional Relations, Citizenship and Conduct Supervision (DIREC), for conduct supervision, under whom DECON is allocated. The activities related to the prevention of ML/FT involve the work of other BCB departments, such as: (i) the Financial System Organization Department (DEORF) and the Department of Resolution and Sanctioning Action (DERAD), regarding the processes of licensing and resolution; (ii) the Financial System Regulation Department (DENOR) and the Prudential and Foreign Exchange Regulation Department (DEREG), regarding the regulatory process; and (iii) the Financial System Monitoring Department (DESIG), responsible for monitoring transactions within the SFN.