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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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EBA Sets Out Its MiCA Supervisory Priorities For 2024/2025

Internal governance and risk management and financial crime risk management will be among the European Banking Authority鈥檚 (EBA) key areas of focus for the coming year.
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Payments

Daily Dash: Visa, Mastercard Extend EU Antitrust Commitments On Interchange Fees

Visa and Mastercard have volunteered to extend a key antitrust commitment in the EU, while the first phase of a payment linkage between Russia and Iran is set to go live next month.
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Payments

Philippine Finance Minister To Recommend POGO Shutdown

The Philippine finance minister has said he will recommend to President Ferdinand Marcos Jr that foreign-facing online gambling operations be shut down amid escalating reports of criminal activity, violence and congressional anger.
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Gambling

Virginia Fines Rush Street Gaming's Rivers Casino $545,000

Rivers Casino in Portsmouth, Virginia, has agreed to pay more than a half-million dollars in fines to settle several violations of state gaming regulations that occurred last year and earlier this year.
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Gambling

Regulatory Influencer: FATF Updates Its 'Greylist' to Include Monaco and Venezuela

On June 28, 2024, the Financial Action Task Force (FATF) published its updated list of jurisdictions under increased monitoring, commonly referred to as the "greylist".
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Payments

Daily Dash: Dutch Finance Minister Proposes Law To Restrict UBO Register Access

The Netherlands has introduced a new draft law that will restrict access to ultimate beneficial owner registers, while Hong Kong has issued an AML fine to the local subsidiary of Singapore鈥檚 largest bank.
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Payments

Open Banking In Australia Has Failed To Live Up To Its Potential, Says ABA

The head of the Australian Banking Association (ABA) has said its members are seeing little return on their investment after spending heavily on open banking implementation.
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Payments

Chile Overhauls Payment Card Regulations

The Central Bank of Chile has updated the regulations concerning the issuance and operation of payment cards to reflect changes in the country鈥檚 retail payment sector.
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Payments

UK Fintech Sector Readies Its Wishlist And Waits To Hear Labour's Priorities

Fintech players have urged the incoming Labour government in the UK to revive the Data Protection and Digital Information Bill and halt plans for authorised push payment scam reimbursements, but whether these issues will be addressed remains to be seen.
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Payments

UK Industry Pledges To Work With New Labour Government

UK trade group the Betting and Gaming Council has welcomed Labour鈥檚 election landslide victory and committed to working with the new government to deliver industry reforms, such as 鈥渇rictionless financial risk checks online鈥, but the industry awaits key ministerial appointments.
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Gambling

Frustrations Rise Over Limited Canadian Enforcement

Canadian legal experts have said enforcement of Canada鈥檚 unregulated gambling market, including operators that have failed to convert to the regulated Ontario space, remains a low priority for authorities and that regulated operators are beginning to take notice.
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Gambling

Bill To Let California Tribes Sue Cardrooms Over Exclusivity Advances

A decades-old conflict between tribal casinos and operators of cardrooms in California could be headed to a state courtroom as a bill to provide tribes standing for a one-time lawsuit moves closer to the Assembly floor.
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Gambling

UK Study Affirms Online Gambling Dependence On High-Rollers

A newly released study of gambling spending in the UK uses real-world data to affirm the thesis that online gambling, especially racing, depends heavily on a small percentage of players.
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Gambling

News In Brief: July 1-July 5, 2024

The Argentine city of Mendoza will block access to unlicensed online betting operators in public spaces and Chile is investigating the National First Division Championship after match-fixing reports.
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Gambling

Week In Crypto: Binance Motion To Dismiss SEC Lawsuit Mostly Fails

A judge rules that the US Securities and Exchange Commission (SEC) may proceed with its civil suit against Binance, FTX鈥檚 former banking partner settles a $63m anti-money laundering claim, and Paxos obtains a licence to issue stablecoins in Singapore.
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Payments

Bank Of Lithuania Takes On De-Risking With New Guidelines

From next year, financial institutions in Lithuania will need to comply with new requirements intended to improve payment service user experience, increase financial inclusion and implement money laundering risk management measures.
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Payments

Brazil Sees Surge In Contactless Payments As Digital Revolution Gathers Pace

Data from the Central Bank of Brazil shows contactless credit card transactions in the country leapt from 23.1 percent of all transactions in 2022 to 31.1 percent in 2023, highlighting the evolving payments landscape.
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Payments

Daily Dash: Latvia, Mastercard Launch New Campaign To Combat Phone Scams

Mastercard has partnered with a Latvian trade association in an effort to reduce phone scams, while Singapore鈥檚 financial regulator has answered questions on its support for visually impaired banking customers.
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Payments

Tougher Online Regulation In Force In Australia's Northern Territory

New gambling legislation is in force in the Northern Territory, Australia鈥檚 online gambling regulatory hub, which increases penalties, toughens licensing criteria and forms a new regulator.
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Gambling

Brazil Judge Orders Unlicensed Rio Operators To Account For Lack Of Authorisation

A Brazilian court has ordered the National Telecommunications Agency (ANATEL) to ask sports betting and online casino operators not licensed by the Rio de Janeiro Lottery to account for their operations in the state.
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Gambling
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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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UK Threats Loom Even As Regulator Takes Softer Approach

The UK鈥檚 gambling regulator says egregious VIP schemes are a thing of the past and is backing bookies' habit of blocking winning customers, but Westminster politicians eager for reform are striking an altogether different tone.The UK Gambling Commission says that schemes which saw big bettors wined and dined by operators in the hopes of extracting more wagers are largely a thing of the past.
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Boyd Big Winner Among U.S. Casino Operators In Sports Betting Rush

The deal between FanDuel and Boyd Gaming to reacquire five percent of the sports betting giant鈥檚 equity serves as a reminder of how much the sports betting industry has changed in terms of acquiring market access.
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Trump Administration Pauses Senate Committee Vote On CFTC Nominee

Brian Quintenz鈥檚 nomination to be the next chairman of the Commodity Futures Trading Commission has been sidelined for the second time in the last week, this time at the request of the White House.
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Tanzania Eyes Land-based Gambling Changes After Introducing Tax Increases

The Law Reform Commission of Tanzania is reviewing a host of legal changes to help the country achieve its National Development Vision 2050, including looking at the impact of land-based gambling on young people.
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British Horseracing Authority Fight Against Proposed Tax Change Gathers Support

The British Horseracing Authority (BHA) has announced Lord Allen of Kensington will begin his role as chair on September 1 as its fight against a proposed "racing tax" gains support from a wide range of stakeholders.
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EU Regulators Clarify Scope Of DORA Register Of Information

The latest Q&As from the European Supervisory Authorities (ESAs) aim to address confusion around the EU鈥檚 operational resilience framework and the expectations for the Register of Information.
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