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Brazilian betting operators face KYC obligations under anti-money laundering rules

Regulation

Brazil’s fixed-odds betting law and SPA/MF Ordinance No. 1,231 require operators to apply anti-money laundering and counter-terrorist financing procedures, according to the article. These include identity checks before withdrawals, transaction monitoring, screening and reporting suspicious activity to COAF; non-compliance can put operating authorisation at risk.

Operators must maintain identity checks and transaction controls to meet Brazil’s stated anti-money laundering requirements.

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Regulation

Greece’s HGC outlines anti-money-laundering duties for gambling businesses

Greece’s Hellenic Gaming Commission (HGC) describes its risk-based anti-money-laundering oversight of gambling businesses and the measures those businesses must apply. These include customer due diligence, transaction monitoring, staff training, record-keeping and reporting suspicious transactions to the competent authorities.

Greece's Hellenic Gaming Commission (HGC) bases its anti-money-laundering supervision of gambling on a risk-based approach. The obliged entities are those organising or conducting gambling in Greece, including the physical network, and casino businesses. They must identify, assess and manage the money-laundering and terrorist-financing risks linked to their activity.

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