CMN approves blocking of illegal betting accounts and gives banks 24 hours to act - BNLData

CMN approves blocking of illegal betting accounts and gives banks 24 hours to act - BNLData CMN approves blocking of illegal betting accounts and gives banks 24 hours to act. Betting The 26.06.26 By: Magno Jose Share: -A + A Resolution of the National Monetary Council (CMN) obliges financial institutions and payment institutions that are part of the Brazilian Payment System to block accounts within 24 hours of receiving notification from the SPA (Payment Service Provider). In an ordinary meeting held this Thursday (June 25), the National Monetary Council (CMN) approved resolution no. 5320, of June 25, 2026, which provides for the blocking of accounts and the prevention of financial transactions of natural and legal persons who exploit the lottery modality of fixed-odds betting without authorization under the terms of the legislation in force. Law No. 15.358 (Legal Framework for Combating Organized Crime in Brazil), published on March 24, 2026, included Article 21-A in Law No. 14.790, of December 29, 2023, to address the fight against irregular betting operators. This provision was regulated by Decree No. 13.033, of June 19, 2026, which assigns to the Secretariat of Prizes and Bets of the Ministry of Finance the competence to issue a notice of irregularity when it verifies the unauthorized operation of fixed-odds betting lotteries by a natural or legal person. Based on this document, the Secretariat of Prizes and Bets will issue a blocking notice to financial and payment market institutions with information about the illegal operators. Article 7 of the aforementioned decree provides for the issuance of a CMN (National Monetary Council) regulation to address the execution of account freezes. The resolution obliges financial institutions and payment institutions that are part of the Brazilian Payment System to, within 24 hours of receiving notification from the SPA (Payment Service Provider), freeze all checking accounts, savings accounts, prepaid payment accounts, and registration accounts held therein, belonging to the individuals identified in the Account Freeze Notification. Once the accounts are blocked, the funds deposited in them will become unavailable, and the resolution also stipulates that transactions to these accounts must be rejected if any funds are detected that are intended, directly or indirectly, for placing bets. The accounts may be unblocked in the event of a final administrative decision favorable to the account holder in judgments of forfeiture of assets, and after the conversion of the amounts in the blocked accounts into a judicial deposit, in accordance with the provisions of Decree No. 13.033 of 2026. Otherwise, if a court decision confirms the forfeiture of the funds, the aforementioned institutions must close the account holders' accounts. According to Decree No. 13.033 of 2026, the declared forfeited funds will be allocated to the National Public Security Fund, established within the Ministry of Justice and Public Security. The approved resolution will come into effect on August 28, 2026. CMN The CMN is a collegiate body chaired by the Minister of Finance, Dario Durigan, and composed of the president of the Central Bank of Brazil, Gabriel Galípolo, and the Minister of Planning and Budget, Bruno Moretti. Access CMN Resolution No. 5.320 of June 25, 2026. which provides for the blocking of accounts and the prevention of financial transactions by individuals and legal entities that operate the fixed-odds betting lottery modality without authorization. CMN Resolution No. 5.320 of April 25, 2026 CMN Resolution No. 5.320, of June 25, 2026 This law addresses the blocking of accounts and the prevention of financial transactions by individuals and legal entities that operate fixed-odds betting lotteries without authorization. The Central Bank of Brazil, pursuant to Article 9 of Law No. 4.595 of December 31, 1964, hereby announces that the National Monetary Council, in a session held on June 25, 2026, based on Article 7 of Decree No. 13.033 of June 19, 2026, and considering the provisions of Article 21-A of Law No. 14.790 of December 29, 2023, RESOLVED: Article 1. This Resolution provides for the blocking of accounts and the prevention of financial transactions of individuals and legal entities that operate the fixed-odds betting lottery modality without authorization from the competent body under federal law, to be adopted by financial institutions and payment institutions that are part of the Brazilian Payment System – SPB. Article 2. The institutions referred to in Article 1, within a period of up to twenty-four hours from receiving the blocking notification issued by the Secretariat of Prizes and Bets of the Ministry of Finance, must block all current accounts, savings accounts, prepaid payment accounts and registration accounts held therein, held by natural or legal persons who irregularly operate the fixed-odds betting lottery modality, expressly specified in the blocking notification referred to in Articles 5 and 6 of Decree No. 13.033, of June 19, 2026. Single paragraph. Starting from the blocking referred to in caput The institutions referred to in Article 1 must: I - reject financial transactions, including payment transactions, with funds originating from the blocked accounts; and II – inform the account holders about the account freezes, specifying the grounds and sending copies of the report of irregularity findings, as referred to in Article 4 of Decree No. 13.033, of June 19, 2026, and the freeze notification. Article 3. The institutions referred to in Article 1 and the payment arrangement providers that are part of the SPB (Brazilian Payment System), within a period of up to twenty-four hours from receiving the blocking notification issued by the Prizes and Betting Secretariat, must: I – to reject payment transactions destined for accounts subject to blocking under this Resolution, in cases where amounts are detected that are intended, directly or indirectly, for placing fixed-odds bets; and II – implement a procedure that prevents new transactions from taking place that have the direct or indirect purpose of enabling the irregular operation of fixed-odds betting lotteries by the irregular operators identified in the blocking notice. Article 4. The institutions referred to in Article 1 and the payment arrangement providers that are part of the SPB (Brazilian Payment System), within a period of up to forty-eight hours from receiving the blocking notification, must inform the Prizes and Betting Secretariat of the measures taken to comply with the provisions of this Resolution, without prejudice to sending other information requested by that Secretariat in the exercise of its own regulatory power. Article 5. The institutions mentioned in Article 1 shall unblock the accounts: I – in the event of a final administrative decision favorable to the account holder in the judgments referred to in Articles 14 and 15 of Decree No. 13.033, of June 19, 2026; and II – after the funds in the blocked accounts have been converted into a judicial deposit, as per article 18, § 2, of Decree No. 13.033, of June 19, 2026, without prejudice to other applicable obligations. Sole paragraph. In the event of a court decision confirming the forfeiture of the funds, in the judgments referred to in Articles 14 and 15 of Decree No. 13.033, of June 19, 2026, the institutions mentioned in Article 1 shall close the accounts of the account holders. Article 6. Failure to comply with this Resolution will result in the application of the penalties provided for in Law No. 14.790, of December 29, 2023. Article 7. This Resolution shall enter into force on August 28, 2026. GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil Share: Results of the CAIXA Lottery Mega-Sena lottery draw 3023: 22 - 25 - 30 - 31 - 39 - 60 Lottery draw 3024: Prize R$ 7 million Lotofácil contest 3719: 02 - 03 - 04 - 08 - 10 11 - 12 - 14 - 15 - 18 19 - 21 - 22 - 23 - 25 Contest 3720: Prize R$ 10 M Most read See also... The tax authority will require warnings about the risk of harm in sports betting advertising. 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