4.04.25

New compliance rules for financial institutions regarding sports betting transactions in Brazil

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SPA Ordinance No. 566/2025, published on March 20, 2025, now regulates the enforcement of Article 21 of the Fixed-Odds Betting Law (Federal Law No. 14,790/23), establishing rules to prevent financial and payment institutions from processing transactions intended for Unauthorized Bets. The regulation determines the application of measures such as blocking suspicious transactions and mandatory reporting to the SPA, in addition to fines and suspension of activities in cases of non-compliance.

Our team has analyzed the impact of these changes on the financial sector, addressing operational challenges, regulatory risks, and implications for banking secrecy. Access the full content here.

 

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