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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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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

Interim Report Suggests More German Ad Restrictions Coming

鈥嬧嬧嬧嬧嬧嬧婣n interim report on Germany鈥檚 2021 interstate gambling treaty suggests that further advertising and sponsorship restrictions may be coming, an attorney has said.
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Gambling

Finland's Draft Licensing Law Does Not Include Cooling-Off Period

Finland鈥檚 new draft law does not include a cooling-off period but 鈥減ast infringements will lead to the rejection of licence applications鈥, according to a local legal advisor.
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Gambling

New Singapore AML Bill To Assist Law Enforcement In Transnational Cases

Singapore鈥檚 Ministry of Home Affairs has introduced new legislation that aims to help local law enforcement pursue money laundering cases that originate from overseas criminal activity.
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Payments

EBA Clarifies Transaction Fees And Payee-Initiated Transactions Under PSD2

The European Banking Authority (EBA) has released new clarifications regarding two aspects of the revised Payment Services Directive (PSD2), addressing transaction fees' accessibility and the availability of payee-initiated transactions through dedicated application programming interfaces (APIs).
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Payments

EPI's Plans Take Shape As It Launches Wallet Solution Wero

The European Payments Initiative (EPI), the EU鈥檚 long-desired payments champion, has announced the launch of its new instant account-to-account payment solution, Wero, in Germany.
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Payments

Daily Dash: New Zealand Consults On Proposed Agreement To Develop Open Banking

New Zealand鈥檚 open banking framework is taking shape under a new proposal from the Commerce Commission, while Lithuania has fined a former board member of global payments firm Majestic Financial.
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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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