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Brazilian police arrest Golden Cat executives in illegal betting probe

Enforcement & compliance

Brazil’s Federal Police arrested three Golden Cat executives on temporary orders as part of an investigation into money laundering and foreign-exchange evasion. Court documents cited in the report say the payment firm processed funds from illegal betting platforms, with the organisation’s transactions reportedly exceeding R$260bn.

The investigation targets payment infrastructure alleged to have processed funds from illegal betting platforms.

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Enforcement & compliance

Federal District police launch Azzardo probe and secure up to R$3.483bn in blocks

Brazil’s Federal District Civil Police launched Operation Azzardo on 5 November against a suspected network accused of running unauthorised fixed-odds betting and laundering proceeds. A court authorised asset blocks of up to R$3.483bn; the report said this was the maximum amount ordered, not the sum seized or laundered. Police said the investigation followed information from the Ministry of Finance’s Secretariat of Prizes and Betting, and that the network had moved about R$1bn, including R$739m through Pix.

The Federal District Civil Police (PCDF) launched Operation Azzardo on Thursday against a network suspected of running fixed-odds betting without authorisation and laundering the money collected from bettors. The Sobradinho Guarantees Court authorised the blocking of up to R$3.483bn from those under investigation. The report said this figure is the ceiling of the court-ordered restriction, not the amount actually seized or laundered. No arrests had been recorded when the report was published.

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