Brazil’s Finance Ministry sets 24-hour deadline to block illegal betting payments
Brazil’s Finance Ministry issued an ordinance setting procedures for the joint liability of financial and payment institutions that facilitate unauthorised fixed-odds betting. After a specific formal notice from the Finance Ministry, institutions have 24 hours to restrict transactions linked to the identified operators; the ordinance also covers people and companies advertising unauthorised operators.
Payment firms must act within 24 hours of notice or may face joint tax liability for transactions supporting illegal betting.