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Legitimuz launches anti-money-laundering monitoring product for Brazilian iGaming

Business

Legitimuz has launched an automated anti-money-laundering monitoring system for Brazil’s regulated iGaming sector. The company says it monitors transactions, flags suspicious activity and prepares reports for COAF; operators retain responsibility for deciding how to respond to alerts.

Brazilian operators can use the system to monitor transactions and prepare anti-money-laundering reports while retaining case decisions.

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Regulation

Brazil justice and finance ministries agree anti-money-laundering cooperation for betting

Brazil’s Ministry of Justice and Public Security and the Finance Ministry’s Secretariat of Prizes and Betting signed a technical cooperation agreement to monitor and combat money laundering in the betting market. Published on 6 November after signing on 30 October, it brings the secretariat into the Rede-Lab programme and provides for shared methods, technology and staff training. The agreement runs for 60 months from signing, with possible extension.

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