Mexico-EU Anti-Laundering Talks and Brazil's VASP Audit Rule as US Targets CV and PCC

Brazil's central bank introduced Normative Instruction No. 739 on Friday, requiring VASPs to submit CVM-registered independent "reasonable assurance" audits to obtain operating licenses. At the 8th Mexico-EU Summit, Mexico and the European Commission said they are exploring joint steps against crypto money laundering, alongside a trade agreement that includes a €5 billion investment in Mexico. Separately, Secretary of State Marco Rubio designated Brazil's CV and PCC as SDGTs on Wednesday and said he intends to add FTO designations starting June 5.