GMB – Especially in the gaming and payment methods sector, compliance is a matter of survival and essential. Is this concept correct?
Camila Caresi – Exactly. For payment methods it is paramount and there is no way to talk about it without mentioning compliance, even more so with a method like Pay4Fun, an institution regulated and authorized by the Central Bank of Brazil. We have to follow all due diligence and the rules of the payment market and being in the gaming sector, too. We seek not only to work within what the segment asks, but to add our entire vision in this regard.
It was a great difficulty for Pay4Fun to win this recognition from the Central Bank. Is everything in order or is there still something missing to meet all the requirements?
We are very complete in terms of meeting requirements and monitoring everything that comes new. The regulator is a living organ and, in addition to implementing everything we have implemented, we have to be aware of what lies ahead and anticipate it. It is especially worth noting the regulations to prevent money laundering and financial crimes. This is super round at Pay4Fun and we only have to grow in this sense.
As Chief Compliance Officer at Pay4Fun, what can you offer customers, merchants operating in the sports betting industry?
A lot of intellectual knowledge, in addition to the partnership. Pay4Fun has proposed to share this knowledge. So, on my side, I am always available to our partners, adding what is good to do in relation to the customer, an excellent KYC and transaction monitoring, in addition to good practices. All this is part of our objective and responsibility with the partner to add whatever is necessary in this regard.
You have been following the regulation of sports betting from the point of view of technical characteristics. Is Pay4Fun prepared for whatever may come?
We are. As a payment institution, we have a very high rule on account of the regulator, we are prepared and helping merchants to also be ready. In my opinion, it is essential that the regulation comes out and it will bring much more security in the areas of anti-fraud and money laundering prevention. In addition to user and operator safety.
And do you expect regulation to happen quickly?
I would like. We hope it's ready soon. We are closely monitoring all the procedures and I expect this to happen soon.
In addition to being an important payment method company operating in Brazil, are you also looking at the LatAm market?
Exactly. We have a great expansion plan for the company in Latin America and this is consolidating every day. Soon we will have news in this regard.
Source: Exclusive GMB
