Brazil STF president warns criminal groups use illegal betting sites to launder funds
Regulation · SectorWire deskSource published
Summary
Edson Fachin, president of Brazil's Supreme Federal Court and National Council of Justice, said organised crime uses illegal online betting platforms to move illicit funds. Speaking in Brasília at the launch of the National Network of Magistrates with Jurisdiction over Organised Crime, he called for cooperation among the Federal Revenue Service, Coaf, the Central Bank, prosecutors and police, including tracking of crypto-assets.
Why it matters
Brazil's regulated operators face reputational and enforcement pressure as the judiciary links clandestine betting platforms to money laundering and organised crime.
Cite as: SectorWire, “Brazil STF president warns criminal groups use illegal betting sites to launder funds”, 15 July 2026, https://sectorwire.news/item/brazil-stf-president-warns-criminal-groups-use-illegal-betting-sites-t/