US terror designations raise compliance considerations for Brazil’s betting operators
The US designation of the Primeiro Comando da Capital and Comando Vermelho as terrorist groups has renewed attention to compliance risks for Brazil’s fixed-odds betting operators, according to the report. It says the decision does not automatically change Brazilian law, where the groups are not legally classified as terrorist organisations, but could increase scrutiny of customer checks, transaction monitoring and suspicious-activity reporting, particularly where US financial links exist.
Operators may need to assess whether their customer-screening and suspicious-transaction controls address the risks described.