Brazil's Ministry of Finance targets illegal betting
3 Articles
3 Articles
The Minister of Finance, Dario Durigan, said on Thursday (9) that it is necessary to make an effort to anticipate the timetable of supervision of fintechs by the Central Bank to strengthen the fight against money laundering and the use of these institutions by operators of illegal bets. He said that the government will continue to adopt measures, regardless of the electoral period. According to him, investigations conducted by the government ind…
Some of the payment companies were caught moving resources from organized crime and also from illegal betting companies.
Brazil's Ministry of Finance targets illegal betting
Brazil’s Ministry of Finance has acted to enforce its opposition to illegal betting by warning 37 fintech companies that they are suspected of facilitating payments for illegal gambling operators. This step is part of a wider initiative involving the cooperation of the Revenue Office and the Prizes and Betting Office to disrupt the financial operations of illegal gambling and improve betting in Brazil. According to the information provided by th…
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