The main life history traits of the large Amazonian migratory catfish Brachyplatystoma rousseauxii were determined in the Caqueta River, Colombia. The breeding season occurred during the rising and falling water periods. The size at first sexual maturity was significantly larger for females (88.5 cm Ls) than males (81.7 cm). Both males and females reproduce for the first time between their third and fourth year. The growth characteristics were estimated using length frequency analyses. Females grew systematically larger than males, the difference being about 9% after the first year and increasing to 12% for ten years old individuals. Mortality estimates, calculated from different models, some taking into account the effect of body size, ranged from 0.32 to 0.42 year-1 for natural mortality and from 0.72 to 0.82 year-1 for fishing mortality, indicating high fishing pressure in the Caqueta River, higher than in the Peruvian Amazon. Resulting exploitation rates (0.63 to 0.72) pointed towards overexploitation of the species in the Caqueta. The situation calls for a concerted management between the countries sharing this resource (Brazil, Colombia, and Peru) and potential solutions are proposed. © 2013 Sociedade Brasileira de Ictiologia.