Lottopar has been striving to adopt best practices to ensure that the lottery market in Paraná is secure, healthy, free from fraud, and, above all, an entertainment with social return. Among these measures, the latest is the publication of Siscoaf Notice 90 by the Financial Activities Control Council (Coaf), which authorizes Lottopar in Siscoaf, allowing suspicious activities related to money laundering in fixed-odds betting, known as bettings, to be reported confidentially to regulatory authorities.
As the managing and supervising body, Lottopar will ensure that authorized concessionaires, i.e., sports betting companies authorized to operate in Paraná, adopt the measures determined in this regulation.
Furthermore, it is the responsibility of the concessionaire to exercise effective control over the operations carried out by bettors to identify unusual conduct related to money laundering. Within 24 hours and confidentially, the concessionaire must report to Coaf when identifying an operation that, due to its characteristics, values, execution method, or any suspicious indication, may constitute evidence of money laundering.
Daniel Romanowski, President of Lottopar, emphasizes, "This is another measure taken by Lottopar to ensure the integrity of the lottery environment in Paraná. Sports betting is a form of entertainment, not a mechanism for unscrupulous individuals to commit illicit acts such as money laundering. With this, we are preventing these misconducts and working together with authorities to make the lottery market in Paraná a safe and healthy entertainment option."
Rafael Halila Neves, Technical Director of Lottopar, stated, "This initiative ensures, through the joint efforts of betting companies, the Government of Paraná, and regulatory bodies, Lottopar's commitment to ensuring legality, security, and entertainment in sports betting. Thus, we are attracting more bettors and companies to a regulated market with integrity and compliance."
Governance
In addition to the measures outlined in this regulation, the concessionaire must have a governance structure compatible with its size and volume of operations, proportional to the money laundering risks associated with its activities, aiming to ensure compliance with prevention policies and adherence to Law No. 9,613, enacted in 1998, which addresses money laundering.
Siscoaf
The Financial Activities Control System (Siscoaf) is a restricted-access electronic portal through which obligated entities can fulfill communication duties as stipulated in Federal Law No. 9,613/1998.
In practice, all authorized sports betting companies operating in Paraná are required to use, in real-time, the management platform and payment method established by Lottopar. The complete integration of their operating systems, whether physical or virtual, is mandatory. This allows the regulatory authority to monitor and supervise possible irregular bets by bettors. In such cases, it is the responsibility of the betting site to report to Lottopar and inform via Siscoaf about suspicious activities.
Source: GMB
