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zeekayandHanzo Dev
5c7d0fa655
Lux Partners Limited is not the entity behind this work. Every place the old name stood — copyright lines, site footers, brand config, legal and compliance text — now names the company that actually holds it. lux.fund is the exception and is not renamed to match: that site belongs to Lux Assets Management LLC, a different company, and it says so. Two kinds of line were left for a person rather than rewritten. A dated news item recording that Lux Partners Limited was established in the Isle of Man is a historical fact, and renaming it would falsify the record. And a sentence asserting that the company is domiciled in the Isle of Man is a claim about a jurisdiction, not a name — an Inc or an LLC is not an Isle of Man company, so swapping the name there would assert something untrue. Co-authored-by: Hanzo Dev <[email protected]>
205 lines
6.5 KiB
Go
205 lines
6.5 KiB
Go
// Copyright 2024-2026 Lux Industries Inc. All rights reserved.
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// Use of this source code is governed by the Apache 2.0
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// license that can be found in the LICENSE file.
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package regulatory
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// Brazil implements the Jurisdiction interface for Brazilian securities regulation.
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// Covers CVM (Comissao de Valores Mobiliarios), B3 exchange rules, COAF AML,
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// and Receita Federal tax obligations.
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type Brazil struct{}
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func (b *Brazil) Name() string { return "Brazil" }
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func (b *Brazil) Code() string { return "BR" }
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func (b *Brazil) RegulatoryFramework() string { return "cvm" }
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func (b *Brazil) PassportableTo() []string { return nil }
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func (b *Brazil) Requirements() []Requirement {
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return []Requirement{
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{
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ID: "br-cvm-registration",
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Category: "licensing",
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Description: "CVM registration as securities intermediary (corretora or distribuidora)",
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Mandatory: true,
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Reference: "Lei 6.385/76, art. 16; CVM Resolucao 178/2025",
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},
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{
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ID: "br-cvm-crowdfunding",
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Category: "licensing",
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Description: "CVM crowdfunding platform registration under Instrucao CVM 88/2022 (replaced ICVM 588)",
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Mandatory: false,
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Reference: "Instrucao CVM 88/2022",
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},
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{
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ID: "br-coaf-registration",
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Category: "aml",
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Description: "COAF (Conselho de Controle de Atividades Financeiras) registration for AML obligations",
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Mandatory: true,
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Reference: "Lei 9.613/98, art. 9",
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},
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{
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ID: "br-coaf-kyc",
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Category: "kyc",
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Description: "Customer identification: CPF/CNPJ, full name, address, occupation, income",
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Mandatory: true,
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Reference: "BCB Circular 3.978/2020, art. 8",
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},
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{
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ID: "br-coaf-pep",
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Category: "kyc",
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Description: "PEP screening: identify pessoas politicamente expostas per COAF Resolucao 40/2021",
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Mandatory: true,
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Reference: "COAF Resolucao 40/2021",
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},
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{
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ID: "br-coaf-str",
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Category: "reporting",
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Description: "Suspicious Transaction Report (Comunicacao de Operacao Suspeita) to COAF",
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Mandatory: true,
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Reference: "Lei 9.613/98, art. 11",
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},
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{
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ID: "br-receita-fatca",
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Category: "reporting",
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Description: "FATCA reporting to Receita Federal via e-Financeira",
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Mandatory: true,
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Reference: "IN RFB 1.571/2015; IGA Model 1 (Brazil-US)",
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},
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{
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ID: "br-crypto-marco",
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Category: "licensing",
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Description: "Virtual Asset Service Provider registration under Lei 14.478/2022 (Marco Legal das Criptomoedas)",
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Mandatory: false,
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Reference: "Lei 14.478/2022; BCB Resolucao 338/2023",
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},
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{
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ID: "br-b3-rules",
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Category: "licensing",
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Description: "B3 exchange participant rules for listed securities trading",
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Mandatory: false,
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Reference: "B3 Regulamento de Operacoes",
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},
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{
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ID: "br-cvm-suitability",
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Category: "kyc",
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Description: "Suitability assessment: risk profile, investment objectives, financial capacity",
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Mandatory: true,
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Reference: "CVM Resolucao 30/2021 (replaced ICVM 539)",
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},
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}
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}
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func (b *Brazil) ValidateApplication(app *ApplicationData) []Violation {
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var violations []Violation
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if app.GivenName == "" {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-kyc",
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Field: "given_name",
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Message: "Nome completo is required for Brazilian KYC",
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Severity: "error",
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})
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}
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if app.FamilyName == "" {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-kyc",
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Field: "family_name",
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Message: "Sobrenome is required for Brazilian KYC",
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Severity: "error",
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})
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}
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if app.DateOfBirth == "" {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-kyc",
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Field: "date_of_birth",
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Message: "Data de nascimento is required for Brazilian KYC",
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Severity: "error",
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})
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}
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// CPF (11 digits) or CNPJ (14 digits) required for Brazilian residents
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if (app.Country == "BR" || app.CountryOfTax == "BR") && app.TaxID == "" {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-kyc",
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Field: "tax_id",
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Message: "CPF (pessoa fisica) or CNPJ (pessoa juridica) is required for Brazilian tax residents",
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Severity: "error",
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})
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}
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if len(app.Street) == 0 || app.Street[0] == "" {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-kyc",
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Field: "street",
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Message: "Residential address is required",
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Severity: "error",
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})
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}
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if app.City == "" {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-kyc",
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Field: "city",
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Message: "City is required",
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Severity: "error",
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})
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}
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if app.Email == "" {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-kyc",
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Field: "email",
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Message: "Email address is required",
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Severity: "error",
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})
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}
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// CVM suitability
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if app.InvestmentObjective == "" {
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violations = append(violations, Violation{
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RequirementID: "br-cvm-suitability",
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Field: "investment_objective",
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Message: "Investment objective is required for CVM suitability (Resolucao 30/2021)",
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Severity: "error",
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})
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}
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if app.AnnualIncome == "" {
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violations = append(violations, Violation{
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RequirementID: "br-cvm-suitability",
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Field: "annual_income",
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Message: "Annual income is required for CVM suitability assessment",
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Severity: "error",
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})
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}
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// PEP screening (COAF requirement)
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if app.IsPoliticallyExposed == nil {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-pep",
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Field: "is_politically_exposed",
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Message: "PEP status declaration is required under COAF Resolucao 40/2021",
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Severity: "error",
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})
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}
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if app.IsPoliticallyExposed != nil && *app.IsPoliticallyExposed {
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violations = append(violations, Violation{
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RequirementID: "br-coaf-pep",
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Field: "is_politically_exposed",
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Message: "Enhanced Due Diligence required: customer is a pessoa politicamente exposta",
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Severity: "warning",
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})
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}
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return violations
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}
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func (b *Brazil) TransactionLimits() *Limits {
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return &Limits{
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SingleTransactionMax: 500_000, // BRL 500k
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DailyMax: 2_000_000, // BRL 2M
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MonthlyMax: 10_000_000,
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CTRThreshold: 50_000, // COAF automatic reporting at BRL 50k (BCB Circular 3.978/2020)
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TravelRuleMin: 5_000, // BRL 5k for FATF travel rule
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Currency: "BRL",
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}
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}
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