Operators seeking a Brazilian betting licence have been told they must be compliant with new anti-money laundering (AML) rules before the new licensed regime begins in January 2025.

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Brazil’s ministry of finance has issued an ordinance outlining operators’ AML responsibilities. All those wishing to continue to operate in Brazil must be compliant by the end of this year. Currently, just two groups – Superbet and Betano – have applied for a licence during a 90-day window that ends next month.

The ministry said Ordinance SPA/MF No 1,143 is based on international guidelines related to the prevention and combating of money laundering, financing of terrorism and proliferation of weapons of mass destruction.