Economies are increasingly integrated. Developed and democratic states are increasingly concerned about the origin of their money and the fairness of its tax treatment.
More recently, CMVM Regulation No. 5/2025 was issued, amending Regulation No. 2/2020 of March 17 on the Prevention of Money Laundering and Terrorist Financing.
Some of the main changes are as follows: i) Crowdfunding entities are treated as obligated entities and are subject to reporting obligations to the CMVM; ii) Some more stringent requirements are introduced regarding the content of the report provided for in Annex I, covering some key aspects of internal control, customers, counterparties, and operations; iii) The deadline for annual reporting is changed to March 31; iv) The file format is changed from “.dat” to “.xml,” promoting greater reliability and better structuring. Information.
Be aware of these changes, prepare, and consult a specialist if necessary.
The first report to be made under these new rules covers the 2025 fiscal year and has a deadline of June 30, 2026.
Does your organization have a process, with procedures, information flows, owners, and reporting and monitoring activities, that ensures that this Regulation is applied correctly in practice?
Don’t leave this obligation until the last minute, as it will be your organization’s governance that suffers.