The recent decision by the Federal Supreme Court (STF), under the direction of Minister Luiz Fux, introduces immediate measures relevant to the regulation of online gambling in Brazil, as established in sections of Ordinance SPA/MF No. 1.231.
The new requirements, which come into effect immediately, include the prohibition of advertising directed at minors and the use of funds from social programs in gambling, such as Bolsa Família. These changes aim to protect vulnerable segments of society, strengthening responsible gaming and consumer protection standards.
To help online gambling operators quickly adapt to these new legal guidelines, Legitimuz stands out by offering its Identity Verification Onboarding System (KYC Onboarding). In other words, Legitimuz's KYC has the ability to perform detailed checks in less than 30 seconds, which confirms users' registration data while also cross-checking it against updated lists of participants in social and welfare programs.
In addition, the effectiveness of Legitimuz's KYC system includes consultations with lists of Politically Exposed Persons (PEP) and Anti-Money Laundering (AML) measures, ensuring a rigorous and thorough analysis. This approach ensures that only authorized individuals can complete the registration, perfectly aligning with the consumer protection and responsible gaming guidelines stipulated by the Ordinance.
With a 97% approval rate, Legitimuz demonstrates the efficiency of its KYC system and the relevance of the service in the context of new regulatory measures. The high success rate reflects the company's commitment to promoting verification practices that respect the latest security and compliance standards, making it easier for operators to comply with legal requirements in an effective and reliable manner.
In short, Legitimuz's KYC solution ensures full compliance with the new guidelines, allowing online gambling operators to remain compliant and ensure maximum efficiency as a market leader. With advanced technology and thorough checks, Legitimuz ensures that each stage of onboarding is fully compliant, mitigating risks and promoting security and ethics in iGaming operations in Brazil.
Click here and learn all the details of the new measure.
Source: Legitimuz
