According to the tax authorities, the revocation of the standard in January, in practice, damaged the supervision of the financial sector startups and helped organized crime
After operations that dismantled a connection scheme between organized crime, the financial sector and fuel companies, the It will require fintechs to present the e-finance declaration, a document with high value movements. The agency announced tonight that it will publish a normative instruction that resumes the transparency and information transfer obligations by these financial institutions. With the normative instruction, fintechs (financial sector startups) will have to pass on to the tax authorities the same information as other financial institutions. Because of the fake news wave about any tax collection on PIX, the IRS revoked in January a normative instruction on the provision of information on instant transfers.
The revocation, in practice, impaired the supervision of And, according to the IRS, it helped organized crime. “Today’s operations [quinta-feira, 28]Hidden carbon, quasar and tank, demonstrate something that the IRS already pointed out: fintechs have been used for money laundering in the main operations against organized crime, ”said the revenue, in a statement.“ Fintechs have been used to launder money in the main operations against organized crime, because there is a regulatory vacuum, as they do not have the same obligations of transparency and the supply of information to all the financial institutions of the financial institutions. Brazil for over 20 years, ”added the statement.
Different essay
Earlier, Finance Minister Fernando Haddad had announced that the normative instruction would be published on Friday (29), but the revenue statement did not report the date. Just brought the general lines of the text. The revenue has denied that it will reissue the revoked normative instruction in January. The agency stated that the standard will have a different essay, “quite direct and didactic, with only four articles”: “We do not want to give rise to a new wave of lies,” said the tax authorities.
Text details
According to the Revenue, the four articles will be as follows:
- The first article will make clear the purpose of combating the crime;
- The second article will state, clearly and directly, that payment and payment arrangements (fintechs) are subject exactly to the same obligations as traditional financial institutions (presentation of the e-financial declaration);
- The third and fourth articles are instrumental, only referring to the regulation and effectiveness from the publication.
Revenue clarified that the second article will have a sole paragraph, with express reference to the Brazilian Payment System Law (article 6 of Law 12.865 of 2013), to make the definitions of payment institutions, payment arrangements and payment bills clear. “Making it clear that we are not creating anything new, just adopting the definitions of the existing law,” said the tax authorities.
*With information from Agência Brasil
