The meeting was attended by iugu's head of bets, Ricardo Destaole, and the company's Director of Risks & Compliance, Julio Macedo. The federal government department was represented by the Secretary of Prizes and Bets, Regis Dudena, the Deputy Secretary Carolina Yumi and the General Coordinator of Monitoring and Prevention of Money Laundering, Carlos Renato.
During the meeting, iugu detailed the internal protocols adopted to ensure compliance with the SPA's requirements, highlighting the company's proactive approach in quickly identifying and blocking any suspicious transaction within 24 hours.
“With the exponential growth of the market, it is increasingly necessary to have effective and immediate security and monitoring processes to investigate, suspend and report irregularities, as we do in accordance with the regulations of the Secretariat,” comments Ricardo Destaole.
As part of its expansion and specialization strategy, iugu has a vertical dedicated exclusively to the regulated betting market, connected to the most diverse areas, such as risks and compliance.
The initiative reflects the company's commitment to serving this segment with full compliance with legal requirements, offering robust, secure payment solutions aligned with the regulations of the Secretariat of Prizes and Betting.
Thus, iugu acts as a strategic partner for operators that operate responsibly and transparently in the sector.
iugu is a Brazilian technology company that offers a complete ecosystem of financial infrastructure.
Founded in 2012, it has around 200 employees and serves more than 130,000 active accounts from various economic sectors, such as education, SaaS companies, healthcare and iGaming.
The company has the Goldman Sachs Group among its investors and is the 25th company licensed by the Central Bank as a regulated Payment Institution.
Source: GMB
