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Panama's MEF and Colón Free Zone discuss compliance controls

Regulation

Source: Junta de Control de Juegos (Panama)

Panama's Finance Ministry and the Colón Free Zone administration discussed anti-money-laundering and counter-terrorist-financing compliance, the ministry said. The meeting covered Law 254 of 11 November 2021 and government efforts to secure Panama's removal from international lists; the zone administrator also outlined plans to strengthen controls.

The discussion may affect compliance expectations for businesses operating in the Colón Free Zone.

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Brazilian Congress president extends betting ban measure by 60 days

Brazil’s Congress president, Davi Alcolumbre, extended the provisional measure prohibiting fixed-odds betting for a further 60 days, with the decision published on 11 November. The extension gives lawmakers until February to consider the measure, which would end betting authorisations, block websites and apps, and return user balances; the government estimates the ban would reduce revenue by BRL12bn.

Brazil’s provisional ban on fixed-odds betting has been extended by another 60 days by Congress president Davi Alcolumbre. The decision appeared in the federal official gazette on Wednesday 11.

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