Bill No. 586/2020 presented at the Brazilian Congress in March, clarifies the concept of financial institution and of foreign currency evasion, restricting criminal penalties to professional dealers, to the exclusion of ordinary citizens.
Presented by Congressman Eduardo Cury, the Bill also clarifies the requirements for the crime of fraudulent or negligent management of a financial institution.
The Bill is based on a proposal put forth by a panel composed by practising attorneys, legal scholars, a federal judge and a federal prosecutor: our partner Eduardo Salomão, Heloisa Estellita, Marcelo Costenaro Cavali, Pierpaolo Cruz Bottini and Rodrigo de Grandis.
