“We are proud to be the Brazilian representative on this Certification Committee, which demonstrates the technical capacity and good practices adopted by Lottopar in this area. This allows us to evaluate the actions of other institutions and validate those that want to combat this criminal practice head-on,” stated Fabio Veiga, Lottopar’s operations director.
The certification consists of three levels. Level I is the formalization of the request, where the lottery shows interest and signals that it wants to obtain certification in money laundering prevention and obtain formal approval of its internal policies and processes that establish the basis for advancing to stricter compliance levels in the future.
Level II is management evidence, where the lottery must present actions that it has developed to promote good practices on the subject, such as the implementation of processes, employee training, audits and reports, for example.
Level III ensures that the lottery complies with several requirements, such as adopting technology tools and monitoring lottery transactions, periodic risk assessment, and analysis of suspicious transactions.
With this certification, state lotteries from all over Latin America, Spain and Portugal, members of Cibelae, gain a valuable tool for jurisdictions that do not yet have specific regulations, thus reinforcing confidence in the sector.
“This certification demonstrates that the lottery market has always been committed to integrity and the prevention of financial crimes, and with these certifications from Cibelae we will further increase the security and confidence of the sector,” concluded the director of operations.
Lottopar actions
The Paraná State Lottery has been working on practices that ensure an increasingly safe lottery market in the state. At the beginning of this year, the institution was authorized by the Financial Activities Control Council (Siscoaf) System, which allows suspicious activities related to money laundering, in the context of fixed-odds bets, to be reported confidentially to the control agencies.
As a result, operators of authorized and regulated betting sites are required to adopt effective control over transactions carried out by bettors in order to identify unusual conduct related to money laundering, and must report suspicious transactions to Coaf.
Another initiative aimed at ensuring the security of lottery operations in Paraná and the safety of bettors is the signing of a Technical Cooperation Agreement between Lottopar and the Public Security Department of Paraná, aimed at preventing money laundering, concealment of assets and fraud against the financial system, and preventing operators of illegal betting and lottery activities, through joint, coordinated, systemic and integrated action among the participants in this cooperation agreement.
Source: GMB
