On August 7, Legitimuz held its 1st Technical AML Webinar, a meeting focused on reporting practices to COAF within the context of the regulated iGaming market.
With active audience participation, the webinar highlighted practical challenges in legislation, the role of operators, and real-world compliance experiences. It was hosted by Fred Justo, AML Director at Legitimuz, and Rafael Ximenes, former Director of Supervision at COAF and a leading AML authority in Brazil.
A direct conversation with those who helped shape the rules
One of the highlights of the event was the insider perspective on Ordinance 1143, developed with the direct participation of Justo. This closeness to the origin of the rules allowed for an in-depth discussion—far beyond theory—on how operators can (and should) apply legal provisions in their daily operations, particularly in sending reports to COAF, covering points such as:
Common mistakes
* Sending generic or poorly qualified reports
* Lack of context that makes analysis by COAF difficult
* Excessive caution leading to irrelevant reports
Best practices
* Properly qualify the information before reporting
* Contextualize the case with clear, objective data
* Review internal routines to ensure compliance with the rule
Learnings
“What to report, when to report, how to report” must remain a constant focus for compliance teams
Ambiguous cases require more than goodwill: they demand critical analysis and careful documentation
Qualified reporting: more than an obligation
The discussion made it clear that, despite the growing number of reports submitted, quality remains a sensitive issue. Real case examples were shared to illustrate how poorly structured data can hinder—or even make impossible—the work of financial intelligence units.
Rafael also emphasized how operators can use reports not only to meet a formal requirement, but also as a strategic tool in the market, especially in situations involving unfair competition or irregular activity.
A sector that’s no longer “grey”
With the full enforcement of regulation, the betting sector is now governed by clear rules and well-defined obligations. This has changed the game and, naturally, brought responsibilities that were previously diffuse or barely visible.
The event revisited this transition: from an almost unregulated environment to one with specific legal obligations, including the fight against money laundering, terrorist financing, and the proliferation of weapons.
“Being a good gossip”
In a lighthearted yet precise analogy, Rafael described the role of the AML operator as “being a good gossip”. That is, knowing what is going on, with whom, and identifying what is out of the ordinary. The phrase summed up the spirit of the event: making the technical practical, simplifying without trivializing.
Open conversation, direct questions
Another highlight of the event was the interaction. The Legitimuz team encouraged real-time questions via chat and WhatsApp, enabling a fluid and reality-connected conversation.
The questions came from those who deal daily with the processes and interpretations of the legislation: operators and industry professionals.
Among the contributions, one question stood out as it touched on deep concerns of licensed operators, reflecting recurring dilemmas in the category’s daily life:
“How can a licensed operator help report, for example, a competitor engaging in unfair practices, to COAF?”
This question sparked an important and productive debate, highlighting a common concern among licensed operators. During the discussion, possible ways to strengthen reporting mechanisms and enhance cooperation with agencies such as COAF were presented, always focusing on safety and legality.
A much-needed meeting
Without promising ready-made formulas or artificial simplifications, the webinar delivered what it set out to do: a technical, practical, direct conversation based on real experience.
For those working in compliance and AML in the regulated market, every point discussed opened the door to practical reflections on what can—and must—be done going forward.
Legitimuz prepares high-impact event series
The 1st Technical AML Webinar by Legitimuz marked the beginning of a new series of meetings focused on practical realities of the sector. And there’s more to come.
Other webinars and exclusive events are already being prepared, featuring prominent figures directly involved in the creation and enforcement of the rules governing Brazil’s iGaming market.
For those seeking deeper insight and to follow the most relevant discussions of the moment, it’s worth keeping an eye on the upcoming editions.
Missed it?
The Legitimuz team is available to clarify the topics covered, share exclusive insights, and provide guidance to strengthen operations in the regulated market.
In addition, on August 21, a special webinar will be held to present in detail a new product focused on Anti-Money Laundering (AML), highlighting its features and benefits for the sector. Specific information will be released soon.
Check out all past webinars here and take advantage of exclusive content that has been helping industry professionals.
Source: Legitimuz
