The Council for Licensed Remittance Channels (CLRC)
Come to IMTC Brazil 2012!
Parallel Currency Markets and Remittances
Parallel Market Information page
An Introduction to Understanding the “Gray Market Real Exchange” (GMRE) System in Brazil
"This short article is intended to explain the use of money transfers from unsuspecting Brazilians in the US, Europe and other places by Gray Market Operators (GMOs) to fuel a system in which “reais”, normally in cash and the product of illegal activities in Brazil, are deposited in the accounts of the beneficiaries of the money transfer while the dollars or euros given by the senders abroad is used to disburse and move money as part of this “swap” of funds."
Also see: Cornerstone Report: Homeland Securities Investigations Trade Transparency Unit
Regulamento do Mercado de Cambio e Capitais Internacionais
Instituições Financeiras e Outros Intermediarios Autorizados no Brasil
Brazilian Daily Exchange Rates
Links related to the Brazilian's Foreign Exchange Market Regulation.
1) The link below gives access to the list of all institutions that are authorized by the Central Bank of Brazil (BACEN) to operate in the foreign exchange market. Unfortunately, the list is in Portuguese.
Instituições autorizadas a operar no mercado de câmbio pelo Banco Central do Brasil
2) This link gives access to the Exchange Rate between US Dollars and Brazilian Reais. There are several options to find quotations and the site is available in English.
Central bank Exchange Rates
3) The link below contains the entire regulation issued by the Central Bank of Brazil regarding the Foreign Exchange Market, and it is available in English.
International Capital and Foreign Exchange Market Regulation - RMCCI
MSB Industry Pushes Regulators to Address Brazilian Currency Transmitters
Article on Tax Evasion and Doleiros
U.S. Money Transmitters in the Brazilian Doleiro Currency Market
Bank of America Acknowledges Illicit Funds Moved Through a Manhattan Branch
September 28, 2006... By David Cay Johnston... NY Times