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Brazilian Federal Police investigate money-laundering network linked to illegal betting

Enforcement & compliance

Brazil’s Federal Police launched Operation Véu de Maia on 6 July to investigate alleged money laundering and currency evasion linked to illegal fixed-odds betting. Investigators said the group used 87 companies to move funds and served nine search warrants across Goiás, São Paulo and Rio Grande do Sul. The investigation began after information from the Ministry of Finance’s Secretariat of Prizes and Betting, and suspects may face charges including money laundering and organised crime.

The investigation targets financial channels allegedly used to support illegal betting platforms in Brazil.

Earlier fines and penalties by SPA and Ministry of Finance

DateCompanyAmountStoryAppeal status
Not namedNot statedBrazilian Finance Ministry orders suspension of betting ads breaching rulesNot stated
Not namedNot statedBrazilian decree allows freezing funds linked to illegal bettingNot stated
Not namedNot statedBrazil expands action against irregular betting platforms used by 25.2 millionNot stated
Not namedNot statedBrazil decree enables freezes of accounts linked to illegal bettingNot stated
Not namedNot statedBrazilian ministers announce measures against illegal bettingNot stated

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Enforcement & compliance

Brazilian police launch operation against illegal betting network involving R$1bn

Brazil’s Federal District Civil Police launched Operation Azzardo on 5 November to investigate an alleged illegal betting and money-laundering scheme involving about R$1bn. Authorities are seeking to block accounts and financial assets linked to 64 individuals and 120 companies, up to a combined R$3.483bn. A sector lawyer said data funded by the regulated market helped inform the operation and argued that ending regulated betting could make enforcement harder.

The Federal District Civil Police (PCDF) launched Operation Azzardo on Thursday against a scheme that moved about R$1bn through illegal betting. The investigation points to Pix transfers from bettors to front companies for digital games.

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