pc
nid 93537
Jun 26, 2026
pdonofrio@vixio.com
Brazil
Administrative Council for Economic Defense
financial services
78% of draft length
draft in Generated
Generated
1927 charsBrazil's Monetary Council Issues Resolution on Blocking Accounts of Unauthorised Betting Operators
On June 25, 2026, Brazil's National Monetary Council (Conselho Monetário Nacional — CMN) approved Resolution 5320, which mandates the blocking of accounts and prevention of financial transactions for individuals and entities operating fixed-quota lottery betting without authorisation under Brazilian law.
The resolution implements provisions from Law 15,358 (the Legal Framework for Combating Organised Crime in Brazil), published on March 24, 2026, and Decree 13,033, issued on June 19, 2026. The Secretariat for Prizes and Betting (Secretaria de Prêmios e Apostas — SPA) within Brazil's Ministry of Finance holds authority to issue irregularity findings when unauthorised fixed-quota lottery betting operations are detected. Following such findings, the SPA notifies financial institutions and payment service providers of illegal operators requiring account blocking.
The resolution requires all financial institutions and payment institutions participating in Brazil's Payment System to block all deposit accounts, savings accounts, prepaid payment accounts, and settlement accounts within 24 hours of receiving the SPA's blocking notification. Once blocked, funds become unavailable. The resolution also mandates rejection of transactions to these accounts where funds are detected as being destined, directly or indirectly, for betting activities.
Accounts may be unblocked following a final administrative decision favouring the account holder in forfeiture proceedings, after conversion of blocked funds into judicial deposits. If a court decision confirms forfeiture, institutions must close the accounts. Forfeited amounts transfer to the National Public Security Fund under the Ministry of Justice and Public Security.
The resolution enters into force on August 28, 2026.
REFERENCES:
Resolução CMN nº 5.320, de 25 de junho de 2026
Decreto nº 13.033, de 19 de junho de 2026
Lei nº 15.358, de 24 de março de 2026
Agent draft
Not run yet.
Published
1494 charsBrazilian National Monetary Council Blocks Accounts of Unauthorised Betting Operators
On June 25, 2026, the Brazilian National Monetary Council (CMN) approved CMN Resolution No. 5,320 , which establishes rules for blocking the accounts and impeding the financial transactions of unauthorised fixed-odds betting operators. The objective of the new resolution is to enforce compliance with recent anti-organised crime legislation and curb illicit gambling activities within the national financial system.
The resolution requires financial and payment institutions operating within the Brazilian Payment System (SPB) to block all checking, savings, prepaid payment and registration accounts tied to targeted operators within 24 hours of receiving a notification from the Secretariat of Prizes and Bets (SPA). Once these blocks are implemented, any funds deposited in the accounts will become immediately unavailable.
Additionally, the resolution stipulates that institutions must reject any incoming transactions directed toward these blocked accounts whenever they detect funds intended, either directly or indirectly, for placing bets.
Furthermore, financial institutions must manage account restorations and closures based on specific legal outcomes; accounts may only be unblocked following definitive favourable administrative decisions or judicial deposits, whereas confirmed asset forfeitures will require institutions to permanently close the accounts and transfer the remaining funds to the National Public Security Fund.
The resolution takes effect on August 28, 2026 .