The study accompanies enlightening graphics that demonstrate the impact of the new rules on operators and how to adapt their businesses to ensure operational compliance. At the end of this article, there is a link to download the full study.
AMIG is a pioneering non-profit association in Brazil, dedicated to promoting equal opportunities for women working in the iGaming sector and for those who wish to enter this field.
Understanding Ordinance 1,143/2024
Ordinance 1,143/2024 defines policies, procedures and internal controls to prevent money laundering, terrorist financing and other illicit activities. It requires betting operators to obtain authorization and use the Financial Activities Control System (Siscoaf), in addition to implementing strict internal policies to combat these practices.
Importance of compliance with the Ordinance
To guarantee the legality and security of sports betting and online gaming operations, it is vital that companies comply with the new standards. Failure to comply with requirements may result in severe sanctions, compromising the continuity of operations. Furthermore, compliance with the Ordinance reinforces the commitment to integrity and security in the iGaming sector.
The AMIG study was developed by a group of ten associates who are specialists in regulation – Alessandra Margotti, Fernanda Meirelles, Irati Aparecida Santos, Isabella Pozza, Julia Monteiro, Larissa Mattos Iwai, Paula Braytne, Vitória Lopes Goellner, Débora Motta Cardoso and Victoria Almeida Cerioni . The material was created to clarify and guide operators on each step necessary for compliance.
The main topics covered in the study include, among other obligations:
- System enablement and control;
- Policies, procedures and internal controls (PLD/FTP);
- Risk assessment procedures.
How to access the AMIG study?
To obtain the complete study, interested parties can follow this link.
Furthermore, AMIG invites everyone to join its community on WhatsApp, where this and other topics relevant to the iGaming sector are discussed, by clicking here.
Source: GMB
