Brazil establishes recovery procedure for over R$1bn linked to illegal betting
By The Weekly Edge desk ·
Summary
Brazil’s Ministry of Justice and Public Security established a procedure under its 2 September ordinance to recover blocked funds associated with illegal betting, iGaming Today reported. The ministry estimates the funds could exceed R$1bn. Administrative proceedings and a judicial forfeiture decision must precede any transfer to the National Public Security Fund.
Why it matters
Transferring blocked illegal betting funds to public security requires administrative proceedings and a judicial forfeiture decision.