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prima:Sports betting businesses required to file suspicious activity reports

Brokerage firms will be required to register with Puerto Rico’s financial regulator and adopt measures to prevent money laundering

February 25, 2025 - 2:26 PM

Natalia Zequeira, commissioner of the OCIF, indicated that the regulation should be ready for comments before the end of March. (Suministrada)

Companies engaged in sports betting must register with the Office of the Commissioner of Financial Institutions (OCIF) and will be responsible for filing Suspicious Activity Reports (SAR) as a measure to prevent possible money laundering activities in their operations.

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