Brazil: Betting and Money Laundering: New Law Forces to Act Transparently

Brazil.- May 07 2025 www.zonadeazar.com  Regulations expose financial risks and demand urgent action to ensure the legitimacy of Brazil’s betting market.

With the enactment of Law No. 14.790/23 and the introduction of Ordinance No. 561 by the Ministry of Finance, Brazil’s sports betting market enters a new era of accountability and oversight. Combating money laundering is no longer optional — it’s a legal obligation.

João Fraga, CEO of Paag — a techfin specializing in tailored solutions for betting operators — emphasizes that the new regulation “clearly states that operators are directly responsible for preventing money laundering on their platforms. There’s no more room for informality.”

🔍 What changes for betting platforms?

  • Mandatory registration: including facial recognition and official document verification.

  • Strict financial control: each bettor can operate using only a single bank account.

  • Continuous transaction monitoring: unusual activities, such as transactions inconsistent with a user’s financial profile or automated betting patterns, must be reported.

  • Data retention: platforms are required to store client, employee, and supplier data for at least 5 years.

  • Risk assessment: evaluation of users’ financial capacity and potential political exposure.

In addition to preventing fraud and money laundering, these measures aim to protect bettors and increase transparency within the industry. The new regulatory framework places Brazil alongside major international markets, reinforcing the sector’s credibility.

With fines and sanctions for non-compliance, the era of negligence in the betting industry is over. Adapting is no longer optional — it’s essential for surviving in an increasingly regulated market.

Editó: @_fonta www.zonadeazar.com

Compartir: