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Nepal requires casinos to report patron transactions of NPR1 million

Regulation

Nepal’s Department of Money Laundering Investigation introduced a requirement for casinos to report transactions by an individual patron totalling NPR1 million or more within 24 hours. The material also lists casino controls including six-month retention of surveillance footage, five-year visitor-record retention, biometric entry systems and a higher minimum paid-up capital of NPR200 million.

Casinos in Nepal must meet new transaction-reporting and compliance requirements.

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Regulation

Brazil’s SPA requires payment firms to report suspected illegal betting transactions within 24 hours

Brazil’s SPA issued procedures requiring payment companies to report suspected transactions involving unauthorised fixed-odds betting operators. Reports must include identifying transaction and account details, the reasons for suspicion and measures taken to prevent the transactions, and must be sent within 24 hours of discovering them; good-faith communications do not incur civil or administrative liability.

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