Neoway, a platform that offers solutions that transform information into knowledge and generate productivity and precision for marketing strategies, compliance, risks and other activities, has just presented a work defending compliance in exchange operations of sports betting houses in view of the imminent industry regulation.
In its study, the company points out the growth of the sports betting segment and the importance of regulating the sector to guarantee tax collection and how the activity will work in Brazil, defining rights and duties for all those involved.
And it is precisely in this regard that Neoway highlights the strong presence of the segment as sponsor of most clubs in Serie A and B of the Brasileirão, which has a special impact on the relationship between companies in the sector and the financial market, especially with regard to exchange operations.
Neoway destaca a importância do compliance para casas de câmbio na regulação das apostas esportivas by GAMES MAGAZINE BRASIL on Scribd
“To avoid compliance problems, such as money laundering or terrorist financing, it is important to monitor and mitigate possible risks. By regulating the activity, the government and bodies such as the Central Bank of Brazil (Bacen) can act more effectively so that platforms and bettors follow compliance rules,” warns the company.
Neoway points out that its own risk & compliance solutions can massively carry out data confirmation actions for customer onboarding and KYC, to ensure the initial compliance of an entire process that culminates with the exchange operation.
“Onboarding with defined compliance processes is essential for the effectiveness of programs to prevent money laundering and terrorist financing in the financial market and for companies to be able to identify and validate customers, gather information that allows them to understand the nature of their activities and to anticipate possible frauds,” it points out.
Source: GMB
