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Legitimuz director argues betting operators should provide detailed COAF reports

Regulation

An opinion column on a Brazilian betting industry site argued that betting operators should send detailed suspicious-activity reports to Brazil’s COAF rather than rely on automatic reporting thresholds. Fred Justo, Legitimuz’s director of anti-money-laundering prevention and a former official at the Ministry of Finance’s Secretariat of Prizes and Betting, cited staffing and technology constraints at the financial intelligence unit.

The argument concerns how betting operators report suspicious activity and support Brazil’s anti-money-laundering oversight.

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Brazil's Casa Civil to coordinate betting oversight committee after ban

Brazil's Secretariat of Prizes and Betting (SPA-MF) will join the interinstitutional committee overseeing the ban on fixed-odds betting, which is coordinated by the Casa Civil, citing Metrópoles. The committee already includes representatives from the Communications Secretariat, the Attorney General's Office, the Justice and Sports ministries, the Central Bank, COAF, the Federal Police, Anatel and the ANPD. The Finance Ministry said the committee will maintain a unified register of domains, apps and payment accounts and set protocols for blocking sites and halting financial flows.

Brazil's Secretariat of Prizes and Betting (SPA-MF) will join the Interinstitutional Committee for Oversight of the Exploitation and Advertising of Illegal Fixed-Odds Betting, which is coordinated by the Casa Civil, citing Metrópoles. The committee already includes representatives of the Communications Secretariat, the Attorney General's Office, the Ministry of Justice and Public Security, the Ministry of Sport, the Central Bank, the Financial Activities Control Council (COAF), the Federal Police, Anatel and the National Data Protection Agency (ANPD).

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