Feed / Enforcement & compliance
Brazilian authorities investigate around 40 gambling accounts over suspected money laundering links
By The Weekly Edge desk · · Updated
Summary
Brazilian authorities are examining around 40 online gambling accounts for suspected links to money laundering and organised crime, Casino.org News reported. Authorities identified the accounts during efforts to return player money after a nationwide online betting shutdown. Finance Minister Dario Durigan said some balances exceeded R$500,000.
Why it matters
Player repayments after Brazil’s betting shutdown exposed accounts now under investigation for suspected money laundering and organised crime links.