ON
🔍
← Back to feed
SGBusiness2 days ago

Brazil's Lula signs decree to freeze illegal betting platform funds

Brazilian President Luiz Inacio Lula da Silva has signed a decree enabling the government to freeze funds from companies operating illegal online betting platforms. The funds will be directed toward public security initiatives. Finance Minister Dario Durigan explained that the frozen assets will undergo legal review by the Justice Ministry before being allocated to the National Public Security Fund. Additionally, a new finance ministry regulation holds banks and fintechs accountable for unpaid taxes if they facilitate transactions from illegal betting platforms after receiving government通知. Ad

BRASILIA/SAO PAULO, June 19 : Brazilian President Luiz Inacio Lula da Silva has signed a decree allowing the government to freeze funds from companies operating illegal online betting platforms, with the money to be directed to public security actions, he said in a social media post on Friday.

• In a video included in the post, Finance Minister Dario Durigan said next to Lula that frozen funds would be sent to the Justice Ministry for legal review before being directed to the National Public Security Fund.

• "The decree will make it more effective to block funds from illegal betting firms at financial institutions that receive and handle these resources," Durigan said.

• A new Finance Ministry rule, published on Thursday, also made banks and fintechs liable for unpaid taxes if they allow transactions from these platforms after being notified by the government.

• Companies and individuals advertising illegal betting platforms also become responsible under the same rule.

Read the full article at Channel NewsAsia (CNA) →
Source document: Brazilian President Luiz Inacio Lula da Silva

1 reports

Channel NewsAsia (CNA)Party-alignedCenter2 days ago
Brazil's Lula signs decree to freeze illegal betting platform funds

Brazilian President Luiz Inacio Lula da Silva has signed a decree enabling the government to freeze funds from companies operating illegal online betting platforms. The funds will be directed toward public security initiatives. Finance Minister Dario Durigan explained that the frozen assets will undergo legal review by the Justice Ministry before being allocated to the National Public Security Fund. Additionally, a new finance ministry regulation holds banks and fintechs accountable for unpaid taxes if they facilitate transactions from illegal betting platforms after receiving government通知. Ad

Bias read (Center): The article presents factual information without overtly biased language or selective sourcing. It reports on policy actions taken by the government and includes direct quotes from officials, maintaining neutrality.

Official sources cited

  • government Brazilian President Luiz Inacio Lula da Silva
  • government Finance Minister Dario Durigan

Go to the primary sources (2)

The official sources this coverage is built on. Read them directly to bypass framing.

  • governmentBrazilian President Luiz Inacio Lula da Silva
  • governmentFinance Minister Dario Durigan