“Regulated, legitimate betting operators were reporting,” says Coaf president

The president of the Council for Financial Activities Control (Coaf), Ricardo Saadi, stated that licensed betting companies were carrying out the disclosures required under the sector’s regulations in Brazil. In an interview with the newspaper O Globo, he explained that the sector was going through a process of maturing these protocols. At the same time, Saadi noted that the crimes were mainly linked to illegal platforms. However, the scenario changed drastically on September 25, when the government issued a provisional measure suspending the operations of sports betting and online gaming sites across the country. “Regulated, legitimate betting operators were reporting, even if still in a maturing process. Some reported better, others worse,” he said He added: we received many reports from other sectors indicating that unregulated betting operators were involved in money laundering. An irregular betting operator can move money through an account registered in the name of a bakery, for example. What we were able to see was a great deal of involvement by betting operators in money laundering and other crimes, primarily among the unregulated ones.” Coaf’s current technological infrastructure Saadi was also asked about the system used by Coaf. In response, he mentioned that the institution’s technological infrastructure dates back to 1999. “There’s no artificial intelligence, and it’s still somewhat rudimentary. We’re developing a new system, with a first delivery expected in the coming days and an initial completion deadline set for July or August 2027. It will completely change the way Coaf operates. Today, Coaf receives approximately 7.5 million reports per year from obligated sectors. That’s about 29,000 reports per business day. To analyze this volume, we need an appropriate technological system. And artificial intelligence will allow us to cross-reference data much more effectively, identify patterns, and reveal connections that an analyst alone might not be able to detect,” he explained. O post “Regulated, legitimate betting operators were reporting,” says Coaf president apareceu primeiro em iGaming Brazil.