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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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Daily Dash: Ethiopia Moves Towards Legal Framework For CBDC Launch

Ethiopia has taken its first legislative step towards introducing a central bank digital currency (CBDC), while Monaco is tipped to be greylisted by the Financial Action Task Force (FATF).
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Payments

Canadian Lottery Executives Critical Of Grey Market Operators

Top executives from three provincial lottery corporations in Canada have maintained a strong stance against grey-market operators who continue to operate in their jurisdictions and argue that advertising of unregulated products has confused Canadian consumers.
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Gambling

Ukraine Bans Gambling With Loans

The National Bank of Ukraine has implemented a ban to prevent gamblers from using loaned funds for the purpose of online gambling.
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Gambling

Google Puts Brakes On Gambling Expansion Plan

Google has put the brakes on its support for game types and operators not covered by existing licensing which paved the way for new opportunities in Brazil, Mexico and India.
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Gambling

Singapore Forces Facebook Marketplace To Check IDs Of 'Risky Sellers'

Singapore has imposed ID verification requirements on Facebook Marketplace sellers to protect users from being scammed, potentially setting a trend that will extend to other jurisdictions.
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Payments

EU Implements 14th Sanctions Package On Russia

The Council of the EU has adopted its 14th package of sanctions against Russia and implemented new sanctions for Sudan and in response to cyber-attacks.
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Payments

ECB Publishes First Progress Report On Digital Euro Preparations

A new report on the digital euro project outlines how the European Central Bank (ECB) is designing high privacy standards for online and offline digital payments to mimic cash transactions, developing a methodology for calibrating digital euro holding limits and contributing technical input to legislative discussions with European co-legislators.
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Payments

Daily Dash: FinCEN Issues New Advisory On Procurement Of Fentanyl Precursors

The US has urged financial institutions to be on high alert for suspicious activity related to fentanyl precursors, and Liechtenstein has published new guidance to help firms comply with MiCA and DORA.
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Payments

Swedish Authority Fines Kanon Gaming Over Duty Of Care Failings

The Swedish Gambling Authority has fined Kanon Gaming SEK7m (鈧623,395) for failing to react appropriately when its customers showed signs of problem gambling.
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Gambling

Peru: A Question Of Time And Taxes

Peru's chief gaming regulator has declared that as of September all online gambling operators must be licensed and authorised in the country.
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Gambling

Tax Rates, Grey Market Transition Key Issues In Alberta

With Alberta government leaders intent on following Ontario鈥檚 lead into a privately operated online gaming model, industry leaders say the role of existing land-based facilities could be a key differentiator between the two provinces.
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Gambling

UK Ad Infractions Far Higher Than Other Jurisdictions, Says Report

There were 1.32m marketing regulatory infractions in the UK during 2023, considerably higher than other comparable jurisdictions, according to research by an affiliate compliance firm.
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Gambling

Daily Dash: Iran鈥檚 CBDC Cleared For Soft Launch In July

Iran has confirmed that it will launch a retail central bank digital currency (CBDC) on a limited basis in July, while the US Federal Reserve has penalised Evolve Bancorp for compliance failures related to its fintech partnerships.
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Payments

India Opens Applications For Self-Regulatory Organisations Serving NBFCs

Self-regulatory organisations that wish to represent non-bank financial companies (NBFCs) can now apply to become officially recognised by the Reserve Bank of India.
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Payments

No More Hiding Scheme Fees From Us, RBA Tells Card Networks

Card networks could soon be forced to reveal their scheme fees to the regulator, as the Reserve Bank of Australia (RBA) calls for greater transparency across the payments market.
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Payments

India's GST Council Backs Cancellation Of Fatal Tax Notices

India鈥檚 GST Council has approved an amendment to tax legislation that could free the nation鈥檚 gaming companies of billions of dollars in catastrophic goods and services tax (GST) back notices.
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Gambling

Alberta Official Confirms Plan To Follow Ontario Gaming Model

A top Albertan government official confirmed Thursday that the province plans to replicate much of Ontario鈥檚 private online gaming model as part of its own gambling overhaul.
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Gambling

Massachusetts Sports-Betting Operators Agree To Discuss Player Wagering Limits

The Massachusetts Gaming Commission confirmed Thursday that each of the state鈥檚 licensed sportsbooks have now agreed to attend a public meeting to discuss the topic of limiting successful customers, about a month after just one attended an initial hearing on the topic.
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Gambling

News In Brief: June 17-June 21, 2024

Another UK Conservative politician is embroiled in a growing betting scandal, Boyd makes a bid for Penn, Bovada blocks Michigan residents and Zimbabwe's home affairs minister warns against illegal gambling.
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Gambling

For Influencers In Latin America, Great Power Comes With Legal Consequences

Their power is outsized, they are largely unregulated and they are increasingly in trouble with the law for their illegal involvement in online gambling. No, not a criminal organisation, but influencers, whose power in Latin America has seen them become popular targets for advertising deals with online operators both legal and illegal.聽
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Gambling
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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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