Brazil’s SPA requires payment firms to report suspected illegal betting transactions within 24 hours
Brazil’s SPA issued procedures requiring payment companies to report suspected transactions involving unauthorised fixed-odds betting operators. Reports must include identifying transaction and account details, the reasons for suspicion and measures taken to prevent the transactions, and must be sent within 24 hours of discovering them; good-faith communications do not incur civil or administrative liability.
Payment firms must implement controls and report suspected illegal betting transactions within a defined deadline.