Last week, the first meeting of the Anti-Money Laundering Certification Committee of the Ibero-American Corporation of State Lotteries and Betting (Cibelae) took place. Fabio Veiga, the operations director of Lottopar, is the representative of the autarchy in the committee. Among his duties is to evaluate similar entities that want to obtain certification that they comply with standards aimed at combating money laundering in the sector.
“It is a pride for us to be the Brazilian representative within this Certification Committee, which demonstrates the technical capacity and good practices adopted by Lottopar on this topic. This allows us to evaluate the actions of other institutions and validate those that want to directly combat this criminal practice,” stated Fabio Veiga, operations director of Lottopar.
The certification consists of three levels, with level I being the formalization of the request, where the lottery shows interest and signals that it wants to obtain certification in anti-money laundering prevention and obtain formal approval of its internal policies and processes that establish the basis for advancing to more rigorous compliance levels in the future.
Level II are the management evidences, where the lottery must present actions it has developed to promote good practices on the topic, such as the implementation of processes, training of employees, audits, and reports, for example.
Level III ensures that the lottery complies with various requirements, such as adopting technology tools and monitoring in lottery transactions, periodic risk assessment, analysis of suspicious transactions.
With this certification, state lotteries from all over Latin America, Spain, and Portugal, members of Cibelae, gain a valuable tool for jurisdictions that still do not have specific regulation, thus reinforcing confidence in the sector.
“This certification demonstrates that the lottery market has always been committed to integrity and the prevention of financial crimes and with these certifications from Cibelae we will further increase the security and confidence of the sector,” concluded the operations director.
Actions of Lottopar
The State Lotteries of Paraná have been working on practices that ensure an increasingly safe lottery market in the State. At the beginning of this year, the institution was enabled in the System of the Council for Control of Financial Activities (Siscoaf), which allows suspicious activities related to money laundering, in the context of fixed quota bets, the bettings, to be communicated confidentially to control bodies.
With this, operators of authorized and regulated betting sites are required to adopt effective control over the operations carried out by bettors, in order to identify unusual behaviors related to money laundering, and must communicate suspicious operations to Coaf.
Another initiative aimed at security in lottery operations in Paraná and the safety of the bettor is the signing of a Technical Cooperation Agreement between Lottopar and the Public Security Secretariat of Paraná, aimed at preventing money laundering, concealment of assets and frauds to the financial system and prevention against the operator of bets and illegal lottery modalities, through joint, coordinated, systemic and integrated action among the participants of this cooperation agreement.
Source: GMB
