Argentina’s BCRA introduces fraud information system targeting illegal gambling payments
By SectorWire desk ·
Summary
Argentina's BCRA introduced a financial security framework under Communication A 8473. Payment system administrators must develop individual fraud risk profiles and provide them free to banks and payment service providers. The framework includes a public database and could identify accounts transferring funds to unauthorised betting sites, with implementation planned gradually over the coming months.
Why it matters
Banks and payment providers will receive free fraud risk profiles that could identify accounts funding unauthorised betting sites.