{"id":11130,"date":"2025-04-01T13:31:54","date_gmt":"2025-04-01T13:31:54","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=gambling&#038;p=11130"},"modified":"2025-04-01T13:31:54","modified_gmt":"2025-04-01T13:31:54","slug":"brazil-tightens-grip-on-illegal-betting-financial-institutions-barred-from-processing-unlicensed-operators","status":"publish","type":"gambling","link":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/brazil-tightens-grip-on-illegal-betting-financial-institutions-barred-from-processing-unlicensed-operators\/","title":{"rendered":"Brazil tightens grip on illegal betting: Financial institutions barred from processing unlicensed operators"},"content":{"rendered":"\n<p><strong>BRAS\u00cdLIA \u2014<\/strong> In a major move to combat the growth of illegal gambling, Brazil has enacted <strong>Law No. 14,790\/2023<\/strong>, reinforced by <strong>Ordinance SPA\/MF No. 566<\/strong>, which imposes strict financial restrictions on <strong>unauthorized betting operators<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>Under <strong>Article 21<\/strong> of the law, <strong>financial institutions (IFs)<\/strong>, <strong>payment institutions (PIs)<\/strong>, and <strong>payment scheme initiators<\/strong> are <strong>prohibited from maintaining transactional accounts<\/strong> for operators that do not possess a valid license to offer betting services in Brazil. Moreover, these institutions are <strong>forbidden from processing deposits or paying out winnings<\/strong> linked to such illegal platforms.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/banks-should-not-ban-gambling-in-brazil-it-is-not-their-job\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banks should not ban gambling in Brazil, it is not their job<\/a><\/p>\n\n\n\n<p>The regulation defines <strong>transactional accounts<\/strong> as those holding player funds and prize money, making them essential to the operation of betting services. By severing access to the financial system, the Brazilian government aims to <strong>choke off the monetary lifeline<\/strong> of unlicensed gambling sites.<\/p>\n\n\n\n<p>The Ministry of Finance, through Ordinance 566, outlines compliance obligations, requiring financial entities to implement <strong>monitoring systems, risk controls<\/strong>, and <strong>reporting mechanisms<\/strong> to identify and block suspicious transactions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"376\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/brazil-tightens-grip-on-illegal-betting-financial-institutions-barred-from-processing-unlicensed-operators2.jpg\" alt=\"\" class=\"wp-image-11132\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/brazil-tightens-grip-on-illegal-betting-financial-institutions-barred-from-processing-unlicensed-operators2.jpg 696w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/brazil-tightens-grip-on-illegal-betting-financial-institutions-barred-from-processing-unlicensed-operators2-300x162.jpg 300w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><\/figure>\n\n\n\n<p>These reforms represent a critical step in Brazil\u2019s <strong>gambling regulatory overhaul<\/strong>, as the country prepares to launch its newly legalized sports betting and iGaming market. With the <strong>National Secretariat for Prizes and Betting (SPA)<\/strong> overseeing implementation, Brazil sends a clear message: <strong>only licensed operators will be allowed to function in the national market.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a major move to combat the growth of illegal gambling, Brazil has enacted Law No. 14,790\/2023, reinforced by Ordinance SPA\/MF No. 566, which imposes strict financial restrictions on unauthorized betting operators.<\/p>\n","protected":false},"author":1,"featured_media":11133,"menu_order":169,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4315,947,105],"class_list":{"0":"post-11130","1":"gambling","2":"type-gambling","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-brasil","8":"tag-responsible-gaming","9":"tag-sports-betting","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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