Brazil’s Central Bank has broadened its fraud data-sharing framework to include unauthorized betting operators, reinforcing the country’s efforts to strengthen oversight of the gambling and financial sectors.
The change comes through Resolution BCB No. 569, approved by the Central Bank’s Board of Directors on May 19. The measure amends Resolution BCB No. 343, which governs how supervised financial and payment institutions exchange information related to suspected fraud.
New Reporting Requirements Introduced
Under the updated rules, banks, payment institutions, and other entities supervised by the Central Bank must now share information related to suspected fraud involving unauthorized betting operators.
The amendment introduces a new Article 1-A to Resolution BCB No. 343, extending the scope of Brazil’s existing fraud information-sharing system. The provision specifically includes evidence of activities carried out by individuals or companies operating betting services without authorization under Law No. 14.790.
By incorporating illegal betting operators into the framework, regulators aim to improve the detection and monitoring of financial activity linked to unauthorized gambling businesses.
Expanded Scope for Financial Institutions
The resolution also updates Article 2 of Resolution BCB No. 343 by adding two new categories subject to fraud-related reporting requirements.
The first covers virtual asset service providers, reflecting the growing role of digital assets in the financial ecosystem. The second applies to financial and payment services offered to unauthorized betting operators.
As a result, institutions will need to update their electronic fraud-monitoring systems to identify, record, and share information relating to these newly covered activities.
The Central Bank also clarified that when reporting cases involving unauthorized betting operators, institutions must specifically identify the operator involved as part of the information-sharing process.
Implementation Timeline Set
While the resolution took effect immediately upon publication in Brazil’s Official Gazette, the Central Bank has provided phased implementation deadlines to allow institutions time to adapt their systems.
Organizations involved in virtual asset services must comply with the new requirements by 30 October 2026. Meanwhile, financial institutions and payment providers dealing with unauthorized betting-related activity have until 1 December 2026 to implement the necessary controls and reporting mechanisms.
Strengthening Oversight of the Betting Sector
The latest amendment forms part of Brazil’s broader regulatory framework surrounding betting and financial crime prevention. By expanding fraud data-sharing obligations, the Central Bank aims to improve cooperation between financial institutions and strengthen the identification of suspicious activity linked to unauthorized gambling operations.
The measure also highlights increasing regulatory attention on payment flows connected to illegal betting businesses, as authorities continue to develop oversight mechanisms following the introduction of Brazil’s regulated betting market.
With the new rules in place, financial institutions will play a greater role in helping authorities detect, track, and prevent fraud associated with unlicensed betting operators and other high-risk activities.
