Central Bank mandates that banks share data on illegal betting operators - BNLData

Central Bank mandates that banks share data on illegal betting operators - BNLData Central Bank mandates that banks share data on illegal betting operators. Betting The 20.05.26 By: Magno Jose Share: -A + A Resolution No. 569 of the Central Bank of Brazil, published this Tuesday, modifies a 2023 regulation and expands the exchange of information on fraud between financial institutions in the country; see the full text of the regulation. The Central Bank has determined that financial and payment institutions must share information about unauthorized betting operators. Resolution BCB No. 569 was approved by the Board of Directors this Monday (May 19). The rule modifies Resolution BCB No. 343, of October 4, 2023, which regulates the exchange of data on evidence of fraud between entities supervised by the monetary authority. The Director of Regulation, Gilneu Francisco Astolfi Vivan, signed the document. The measure expands the scope of information that must circulate between institutions in the financial system. The Board of Directors based its decision on Article 9 of Law No. 4.595, of December 31, 1964. The resolution is also based on Articles 9-A of Law No. 4.728, of July 14, 1965, and 9, item II, of Law No. 12.865, of October 9, 2013. The document considers the provisions of Article 9 of Joint Resolution No. 6, of May 23, 2023. The new regulation created Article 1-A in BCB Resolution No. 343. This provision establishes that "the data to be shared and information on evidence of fraud includes evidence of the actions of natural or legal persons as unauthorized betting operators, as referred to in Article 24-A, paragraph I, of Law No. 14.790, of December 29, 2023." Article 2 of BCB Resolution No. 343 has been amended. Item V has been added to address the provision of virtual asset services. Item VI covers the provision of financial and payment services to individuals or legal entities such as unauthorized betting operators. Paragraph 1 of Article 2 has been modified to encompass the new categories of operations. Financial institutions must observe these provisions when implementing data sharing systems. The resolution included paragraph 4 in article 3 of BCB Resolution No. 343. The text stipulates that "in the case related to article 2, caput, item VI, the identification referred to in item I of the caput must refer to unauthorized betting operators." The measure aims to ensure accuracy in identifying suspicious entities. Implementation deadlines The regulation created Article 13-A with different deadlines for implementing the measures. The provision establishes that "the institutions mentioned in Article 1 must implement the measures necessary to comply with the provisions of this Resolution: I – by October 30, 2026, for the activity referred to in Article 2, paragraph V; and II – by December 1, 2026, for the activity referred to in Article 2, paragraph VI". Institutions operating with virtual assets will have until October 30, 2026, to adapt their systems. This deadline takes into account the technical complexity involved in implementing mechanisms for sharing information on suspected fraud in this sector. Entities that provide financial and payment services to unauthorized betting operators will have until December 1, 2026, to implement the measures. The additional timeframe allows institutions to develop appropriate procedures for identifying and reporting suspicious transactions related to illegal betting. Joint Resolution No. 6, of May 23, 2023, established the sharing of data between financial institutions. Banks, payment institutions, and other entities authorized by the Central Bank must exchange information on evidence of fraud through an electronic system. Consortium administrators are the only institutions excluded from this obligation. Institutions will need to adapt their electronic systems to meet the new requirements. Sharing information about suspected fraud aims to strengthen mechanisms for preventing and combating illegal activities. The regulation came into effect on the date of publication in the Official Gazette of the Union. The deadlines for institutions to implement the measures are later. The measure seeks to ensure that regulated entities have adequate time to develop the technical mechanisms necessary to comply with the new requirements. BCB Resolution No. 569 of 19/5/2026 BCB Resolution No. 569, of May 19, 2026 Amends BCB Resolution No. 343, of October 4, 2023, which provides for the measures necessary to implement the sharing of data and information on evidence of fraud as provided for in Joint Resolution No. 6, of May 23, 2023. The Board of Directors of the Central Bank of Brazil, in a session held on May 19, 2026, pursuant to Article 9 of Law No. 4.595 of December 31, 1964, based on Articles 9-A of Law No. 4.728 of July 14, 1965, 9, caput , item II, of Law No. 12.865, of October 9, 2013, and 24-A of Law No. 14.790, of December 29, 2023, and considering the provisions of article 9 of Joint Resolution No. 6, of May 23, 2023, RESOLVE: Article 1. Resolution BCB No. 343, of October 4, 2023, published in the Official Gazette of the Union on October 6, 2023, shall enter into force with the following amendments: "Article 1-A. The data to be shared and information on evidence of fraud includes evidence of the actions of natural or legal persons as unauthorized betting operators, as referred to in Article 24-A." caput , item I, of Law No. 14.790, of December 29, 2023.” (NR) Article 2 ……………………………………………………………………………………………….. IV – contracting a credit operation; V – provision of virtual asset services; and VI – provision of financial and payment services to individuals or legal entities as unauthorized betting operators, as referred to in Article 24-A, caput , item I, of Law No. 14.790, of December 29, 2023. § 1 The provision of payment services referred to in items II and VI of caput includes: ………………………………………………” (NR) Article 3 ……………………………………………………………………………………………….. § 4 In the case related to article 2, caput , item VI, the identification referred to in item I of caput should refer to unauthorized betting operators.” (NR) "Article 13-A. The institutions mentioned in Article 1 must implement the measures necessary to comply with the provisions of this Resolution:" I – until October 30, 2026, for the activity referred to in Article 2, caput , item V; and II – until December 1, 2026, for the activity referred to in Article 2, caput , item VI.” (NR) Art. 2 This Resolution enters into force on the date of its publication. GILNEU FRANCISCO ASTOLFI VIVAN Director of Regulation Comment with Facebook Results of the CAIXA Lottery Mega-Sena lottery draw 3009: 04 - 06 - 08 - 18 - 21 - 30 Lottery draw 3010: Prize R$ 300 million Lotofácil contest 3689: 03 - 05 - 07 - 08 - 10 11 - 12 - 13 - 14 - 15 16 - 18 - 19 - 20 - 23 Contest 3690: Prize R$ 7 M Most read See also... ANJL challenges in the Supreme Federal Court a law from Rio Grande do Sul that restricts advertising of sports betting. The Minas Gerais Lottery releases answers regarding the granting of digital lottery licenses in the state. 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