Brazil’s TCU orders coordination and stronger sanctions against illegal betting
Brazil’s Federal Court of Accounts approved Judgment 1296/2026 after auditing public-sector controls against money laundering through virtual betting platforms. The ruling directs the Finance Ministry’s Secretariat of Prizes and Bets to establish a permanent inter-agency coordination mechanism and calls on the Central Bank and the secretariat to strengthen sanctions against financial and payment firms that facilitate illegal betting.
The ruling directs agencies to coordinate enforcement and strengthen penalties affecting financial and payment firms linked to illegal betting.