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Susep suspends Capemisa’s sales of philanthropic capitalisation plans

Enforcement & compliance

Brazil’s Susep Director Board ordered a temporary suspension of Capemisa Capitalização’s sales of capitalisation plans in the “prize philanthropy” category. The decision followed a supervisory process into possible irregularities involving prize payments, third-party payments and advertising. Capemisa said it had not yet received formal notice and stated that it complies with sector rules.

The suspension affects Capemisa’s ability to sell these plans while the regulator’s action is pending.

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Enforcement & compliance

ASA bans Casumo Spinumo campaign over repeated gambling prompts

The UK ASA banned Casumo’s Spinumo promotion, finding that its daily tasks encouraged repeated gambling and risked financial harm. Each task required a £50 deposit and £200 wager; five tasks in a day could involve £250 in deposits and £1,000 wagered, while maximum participation over 28 days could reach £7,000 deposited and £28,000 wagered. Casumo said participation was optional, but the ASA found that did not resolve its concerns.

The Advertising Standards Authority (ASA) has banned a Casumo promotion, finding that it encouraged socially irresponsible gambling and risked financial harm.

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