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Brazil’s SPA sets reporting rules for suspected illegal betting payments

Regulation

Brazil’s Secretariat of Prizes and Betting (SPA) issued Normative Ordinance No 566 on 21 March, setting procedures for financial institutions to report transactions suspected of involving unlicensed betting operators. Institutions must send relevant information, including the customer’s CPF number and reasons for the report, within 24 hours of identifying suspicious activity; the SPA can then notify payment companies to end the client relationship after confirming transfers to unlicensed gambling.

Financial institutions and payment companies face new reporting and account-termination obligations linked to suspected illegal betting.

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Brazilian committee approves bill targeting illegal betting-market payments

Brazil's Chamber of Deputies Finance and Taxation Committee approved bill PL 4.044/2025 in late May, proposing a legal framework to combat illegal gambling and betting. The proposal would expand banks', fintechs' and payment institutions' roles in monitoring transactions linked to unauthorised operators, including checks and possible account or transfer blocks; it still requires further legislative consideration.

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