In action on CVM fee, Dino gives 90 days for rule review and mentions Master
Graduated in journalism from Mackenzie Presbyterian University, he is an editor in Brasília. At Oeste, he worked as a special reporter, assistant editor, and writer. He began his career at Veja magazine, in Augusto Nunes' column. Covers politics, judiciary, and the world.
TL;DR
- STF Minister Flávio Dino ordered a review of CVM regulations within 90 days.
- The review is prompted by issues related to the Master Group, money laundering, and organized crime.
- Deficiencies were identified in CVM's internal controls and regulatory mechanisms, including "systemic permissiveness" in investment fund structures (Resolution 175).
- The current model may hinder traceability of funds and money laundering prevention.
- Dino suggested these regulatory flaws could empower criminal organizations involved in various illicit activities.
- The Ministry of Finance will coordinate the review, which was influenced by Transparency International Brasil and the GT Master working group.