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Federal Police investigate 87 companies in illegal betting money-laundering probe

Enforcement & compliance

Brazil’s Federal Police launched Operation Véu de Maia on 6 July to investigate suspected money laundering and foreign-exchange evasion linked to illegal fixed-odds betting. The investigation involves 87 suspected intermediary companies and nine search warrants across Goiás, São Paulo and Rio Grande do Sul; the police said cryptoasset transfers abroad are also under scrutiny.

The investigation targets financial intermediaries suspected of moving funds for unlicensed betting operators in Brazil.

Earlier fines and penalties by Secretariat of Prizes and Betting

DateCompanyAmountStoryAppeal status
Not namedNot statedBrazilian prosecutors identify ten more sites offering unauthorised Airplane GameNot stated
Not namedNot statedBrazil decree enables freezes of accounts linked to illegal bettingNot stated
Not namedNot statedBrazil orders financial institutions to block illegal betting transactions within 24 hoursNot stated
Not namedNot statedBrazil prepares operations targeting illegal betting and tobacco, report saysNot stated
Not namedNot statedBrazil’s Senacon plans lab to identify illegal betting platformsNot stated

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Enforcement & compliance

Brazilian authorities investigate around 40 gambling accounts over suspected money laundering links

Brazilian authorities are examining around 40 online gambling accounts for suspected links to money laundering and organised crime. Authorities identified the accounts during efforts to return player money after a nationwide online betting shutdown. Finance Minister Dario Durigan said some balances exceeded R$500,000.

Brazilian authorities are examining around 40 high-value online gambling accounts for suspected links to money laundering and organised crime, according to Finance Minister Dario Durigan. The accounts were identified during work to return player funds held by operators after the country's online betting shutdown. No account holders have been publicly identified and no formal criminal charges have been announced.

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