The company’s AML Director, Fred Justo, took part in a high-level panel on tackling the illegal market and the risks associated with match-fixing and money laundering, where the discussion highlighted the need for joint, strategic action between the public and private sectors to ensure a safer and more transparent betting environment for everyone.
A debate with key sector authorities
The panel, moderated by journalist Camila Moraes, director at Record News, brought together some of Brazil’s leading authorities on the subject:
* Ricardo Saadi, President of Coaf (Financial Activities Control Council)
* Denis Cali, Federal Police delegate and Director of the Anti-Corruption and Organized Crime Division
* José Francisco Manssur, former Special Advisor at the Ministry of Finance and a leading reference in sector regulation
* Fred Justo, Director of Anti-Money Laundering at Legitimuz and former General Coordinator of AML at the Secretariat of Prizes and Betting (Ministry of Finance)
Synergy as the key to success
All the authorities agreed on a central point: the integrity of sports and the betting market relies on strong synergy between operators and regulatory and enforcement bodies.
During his remarks, Fred Justo underscored the importance of robust KYC (Know Your Customer) processes. Knowing who bettors are is not only a regulatory requirement but the most effective tool for preventing irregularities.
“When an operation has well-structured identification processes, it protects itself and contributes to the entire system. In the event of any suspicion, this information is what allows authorities to act quickly and effectively,” said Fred Justo.
Technology in service of compliance
To put the concept of “joint action” discussed in the panel into practice, Legitimuz presented how its technology already provides the tools needed to enable this synergy.
The company’s Anti-Money Laundering solution turns theory into action, allowing operators to meet compliance challenges quickly and in line with Ordinance No. 1,143/2024 (SPA).
Rather than overloading compliance teams, the system automates risk identification through:
* Presumed Income Analysis (RPL): flags transactions that fall outside the user’s typical financial profile, an important signal for regulators.
* Continuous monitoring: tracks operations in real time to detect suspicious activity before it becomes a larger issue.
* Streamlined reports for Coaf: organizes and prepares all information required by oversight bodies, turning a complex obligation into a process of just a few clicks.
The solution identifies suspicious patterns and alerts operators to atypical behavior, but the final decision on how to proceed always lies with the operator.
That is, the platform provides detailed, accurate information, but the final judgment remains with each operation’s compliance professionals, ensuring decisions are made according to operational criteria.
Legitimuz’s presence at the Sports Summit, sharing the stage with institutions such as Coaf and the Federal Police, reflects the active role technology can play in building a more transparent and trustworthy betting ecosystem in Brazil.
Source: Legitimuz
