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Insights

Your window into the complex world of compliance and regulations

Our industry experts regularly spend time with lawmakers, regulators and industry participants to get to the heart of regulatory issues. We deliver our expert insights across multiple media to ensure timely delivery of information to meet your everyday needs.

From quick blog insights through to industry events, we provide you with the depth and breadth of knowledge needed to help you make the right business decisions, staying compliant and gaining a competitive advantage.

Automatic Pix Goes Live, Enabling Recurring Payments in Brazil

Pix, Brazil鈥檚 instant payments system, has introduced a recurring payments mechanism, aiming to simplify bill payments for consumers.
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Sweepstakes Ban Under Consideration in New York, Vetoed In Louisiana

As one state legislature looks to reinforce regulatory actions against sweepstakes gaming operations, another has seen the governor veto a legislative ban, calling it unnecessary.
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Pay.UK Sets Out Ideas For Reforming UK鈥檚 Payments Infrastructure

Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging 鈥渞adical鈥 change to prevent the UK falling behind on infrastructure and innovation.
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Presidential Decree Confirms Brazil Betting Tax Hike

A sharp increase in the main tax applied to online betting in Brazil became reality late Wednesday when an emergency decree was published in the Brazilian government鈥檚 official gazette.
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UK Tribunal Allows Interchange Fee Lawsuits Against Visa And Mastercard To Proceed

Any merchant accepting card payments in the UK can now bring a claim against card network operators under a ruling by the Competition Appeal Tribunal.
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Payments

Daily Dash: India Aims To Fight Fraud Through Central Bank 'Payments Intelligence Platform'

India has proposed the creation of a digital payments intelligence platform that will be used to fight fraud, while the UK鈥檚 Financial Conduct Authority has imposed restrictions on e-money firm AstroPay.
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Payments

European Authorities Issue Warnings To Public Over Euros Gambling

As the UEFA European Football Championship kicks off, European gambling regulators have warned about sports gambling with illegal operators and the risk of addiction.
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Gambling

Thailand Seeks Applicants For Programmable Payments Trial

Financial institutions have the opportunity to work with the Bank of Thailand on exploring the potential of smart contracts and distributed ledger technology in payments as part of a new regulatory sandbox project.
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Payments

EU Transfer Of Funds Regulation Needs Better Market Surveillance, Dutch Minister Says

The Dutch minister of finance has formally requested the European Commission to consider amending the Transfer of Funds Regulation to better facilitate market surveillance and consumer protection operations.
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Payments

EBA Clarifies Fraud Reporting, SCA Requirements Under PSD2

Payments companies at both ends of fraudulent transactions must report them to the European Banking Authority (EBA), and must maintain separate security authentication for different processes they offer, the regulator has said in an answer to questions from regulated companies about the Payment Services Directive (PSD2).
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Payments

Daily Dash: EU Extends Sanctions On Russia Over Crimea Annexation Until June 2025

The EU has announced that its long-standing sanctions against Russia over Crimea will continue, while Hungary welcomed a surge in digital payments during Q1 this year.
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Payments

Massachusetts May Follow Other States In Targeting Bovada's U.S. Operations

Massachusetts regulators are considering joining at least two other states in ordering offshore online betting platform Bovada to exit the state鈥檚 gaming market.
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Gambling

U.S. Supreme Court Rejects Challenge To Florida Online Sports Betting

The U.S. Supreme Court has rejected an effort to overturn online sports betting in Florida, denying a request by West Flagler Associates and Bonita-Fort Myers Corp. to hear their petition questioning the legality of a 2021 gaming compact between the state and the Seminole Tribe.
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Gambling

Daily Dash: US Treasury Expands Secondary Sanctions Against Russia

The US Treasury has announced that it will pursue foreign financial institutions that do business with sanctioned Russian banks, while the European Banking Authority has published new stablecoin and e-money standards under MiCA.
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Payments

UK Payments Bills Upended By Snap Election Will Be Back, Lawmaker Says

A member of the House of Lords has said that several key bills that will affect payments firms should return to parliament following the UK鈥檚 snap election.
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Payments

Credit Card Competition Act Impact On Rewards Could Restructure US Arena

Americans could see a reduction in credit card reward schemes if the Credit Card Competition Act comes into effect, although exactly how much is up for debate, as networks weigh up the regulation鈥檚 squeeze on their interchange fees against the desire to offer better rewards than their competitors.
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Payments

UK Political Manifestos Reveal Broad Support For Fintech

Last week, UK political parties released their manifestos, with both the governing Conservative Party and the leading Labour Party committing to advance fintech issues.
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Payments

Australia Probes Bet365 Over Online Betting Vouchers

Australia鈥檚 federal minister responsible for online gambling has referred corporate bookmaker bet365 to the regulator over online vouchers that may circumvent new credit card bans.
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Gambling

Dutch Gambling Braces For Hostile State Secretary

The new Dutch minister for gambling is expected to come from a party that has publicly called for the open online gambling market to be closed.
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Gambling

U.S. Sports-Betting Operators Not Exiting High Tax States, Yet

Illinois and Ohio have increased their take from a growing online sports-betting business, but analysts warn that lawmakers run the risk of going too far and damaging the industry should other state legislatures follow their lead and raise taxes.
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Gambling

Brazil Operators Seek Clarity About Permissible Casino Games

Following a positive resolution to one key pending policy question, industry groups are now hoping that Brazil's new gambling regulator will take inspiration from Italy in allowing for a wide range of casino-style games to be offered under the guise of fixed-odds betting.
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Gambling

News In Brief: June 10-June 14, 2024

Sweden's gambling regulator is to appeal a ruling that forced it to end enforcement against payments company Zimpler and Indonesia's President has begun a new crackdown on all forms of gambling.
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Gambling

UK Labour Party 'Gambling Regulation Reform' Lacks Details聽

The UK Labour Party is 鈥渃ommitted to reducing gambling-related harm鈥, according to its 2024 manifesto, which pledges unspecified reforms to gambling regulation.聽
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Gambling

Regulatory Influencer: Australian Digital ID Bill Receives Royal Assent

Australia鈥檚 Digital ID Bill received royal assent on May 30 to become the Digital ID Act 2024. This act will come into effect on November 20, 2024, establishing a comprehensive government-run digital ID system in Australia.
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Payments
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Irish Bookmakers Warn Against Potential Betting Duty Tax Increase

The Irish Bookmakers Association (IBA) has warned the government against including a 0.5 percent to 1 percent increase in betting duty tax in the 2026 budget, fearing it will result in job losses and betting shop closures.
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Regulatory Influencer: China鈥檚 Shift To 鈥楲ong-Term鈥 Licensing Signals Payments System Maturity

The People鈥檚 Bank of China (PBoC) has issued its first batch of 鈥渓ong-term鈥 licences to non-bank payment institutions, in line with its efforts to tighten supervision of the sector.
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Bank Of Ghana Warns Remittance Firms Over Persistent Regulatory Breaches

Ghana鈥檚 financial watchdog has raised the alarm over persistent compliance failures in the remittance market and stated that firms failing to address violations will face sanctions.
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GambleAware鈥檚 Demise Stokes Fears Over Future Of UK Research, Treatment

The UK鈥檚 most prominent gambling charity GambleAware has announced it will close as a result of the new mandatory responsible gambling levy, raising questions about the future of funding for addiction treatment and the potential politicisation of research.
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AUSTRAC Prosecutes Leading Operator Of Slot Machine Venues

Australian financial transactions regulator AUSTRAC is prosecuting a leading club owner and slot machine operator over 鈥渟erious and systemic鈥 violations of anti-money laundering and counter-terrorism financing (AML/CTF) laws.
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Oregon Lottery Seeks To Ensure Integrity, Security In Regulating Couriers

Mike Wells, director of the Oregon Lottery, admitted it has maintained a neutral stance on lottery courier services over the years, a position that has changed as more of the services operate in the state, with no formal regulatory oversight.
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EBA Slams Fintechs Over Lax Compliance In New AML Risk Assessment

In its latest risk assessment, the European Banking Authority (EBA) has warned that poor practices and a lack of experience at fintechs, including payments and crypto firms, are undermining efforts to tackle financial crime.
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CFPB Hits Pause On Open Banking Rule Rewrite

The US Consumer Financial Protection Bureau (CFPB) is backing away from its earlier push to scrap a key open banking regulation, instead asking a federal court to pause litigation so it can develop a revised version of the rule.
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Ukraine Adopts EU-Style Open Banking Rules

The National Bank of Ukraine (NBU) has approved a comprehensive package of regulations to implement open banking in Ukraine, supporting the country's efforts to align with the EU.
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Marcos' Keynote Silence On Gambling Cheers Online Industry

The Philippine President鈥檚 avoidance of domestic online gambling issues in this year鈥檚 congressional appearance has encouraged the industry and frustrated its foes amid finance secretary support for taxation over prohibition.
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