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Brazilian betting operators must report suspicious transactions to COAF

Regulation

An opinion column on a Brazilian betting industry site outlined how betting operators should report suspicious activity to Brazil’s Financial Activities Control Council (COAF). It said operators must identify and monitor atypical activity, and described a four-part report structure covering registration, background, transactions and the analyst’s assessment.

The guidance concerns operators’ anti-money-laundering reporting duties and the information used in suspicious-transaction reports.

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