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Brazil’s SPA sets payment rules for suspected illegal betting operators

Regulation

Brazil’s Secretariat of Prizes and Betting (SPA) issued rules on 21 March requiring financial and payment institutions to block transactions for illegal fixed-odds betting operators. They must report suspected cases to the SPA within 24 hours, giving reasons and the company’s CNPJ and legal name; existing anti-money-laundering rules remain in force.

Payment providers must identify and report suspected illegal betting activity within 24 hours.

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Enforcement & compliance

Goiás police investigate suspected illegal betting and fraud network

Goiás Civil Police launched Operation Máquina de Fraudes on 9 November to investigate a group suspected of electronic scams, banking fraud, money laundering and illegal online betting. Authorities planned 12 temporary arrests and 27 home searches across seven Brazilian states and the United States; a court ordered assets and funds worth nearly R$40m to be frozen.

Goiás Civil Police launched Operation Máquina de Fraudes on 9 November to investigate a group suspected of electronic scams, banking fraud, money laundering and illegal online betting. The investigation covers seven Brazilian states and the United States.

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