Brazil’s justice ministry sets forfeiture procedures for illegal betting funds
By SectorWire desk ·
Summary
Brazil’s justice ministry established administrative procedures for forfeiting blocked funds linked to illegal betting operators through an order signed on 2 September. The amount could exceed R$1bn. Transferring the funds to the national public security fund requires completion of administrative proceedings and a judicial forfeiture decision.
Why it matters
The procedure gives operators 15 days to submit a defence and ten days to appeal an initial administrative decision.