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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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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

Week In Crypto: Oldest Consumer Watchdog In The US Declares War On Tether

A US consumer watchdog begins a nationwide ad campaign against Tether, two Binance executives are cleared of tax evasion in Nigeria and an Indian regulator fines Binance for anti-money laundering failures.
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Payments

MEPs' Fraud Liability Plans Are Misdirected, EU Official Says

EU lawmakers鈥 plans to make tech and telecom firms liable for fraud in the Payment Services Regulation might clash with sector regulation, a senior official at the European Commission has said, pouring cold water on plans favoured by many payments firms.
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Payments

Daily Dash: UK FCA Cancels Licence Of Payment Firm Global 4X

Global 4X has lost its UK licence after four years of inactivity, while DNA Payments has launched a POS solution that allows merchants to accept open banking payments via consumer mobile banking apps.
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Payments

Philippine Military Lobby Demands Ban On POGOs

Opposition in the Philippines to foreign-facing online gambling operators (POGOs) is spreading to military networks, with an influential group for retired senior officers calling for the closure of POGOs over threats to national 鈥渧alues and security鈥.
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Gambling

Lithuanian Lawmakers Approve Gambling Tax Increase

Lithuanian lawmaker's plans to increase gambling taxes to fund addiction prevention measures cleared a major hurdle after members of the country鈥檚 legislative body voted to approve it this week.
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Gambling

Regulatory Influencer: Bank of Italy Requires PSPs to Review Their Practices When Dealing with Customers Who Do Not Recognise Unauthorised Payment Transactions

Following investigations, the Bank of Italy has published a communication to payment services providers (PSPs) regarding their practices when handling unauthorised payment transactions that are not recognised by the payment service user. The communication highlights PSPs鈥 practices that have raised the Bank of Italy鈥檚 concerns, as well as expectations from PSPs.
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Payments

AI Consultation Open To EU Financial Services Companies

The European Commission has asked financial services companies to provide information that will inform its regulation of artificial intelligence (AI) in the sector.
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Payments

Daily Dash: Riksbank Plans To Adopt European T2 Platform For Payment Settlement

Sweden鈥檚 Riksbank has confirmed that RIX-RTGS will soon integrate with Europe鈥檚 T2 technical platform, while Singapore and Cambodia have announced the go-live of a joint Financial Transparency Corridor.
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Payments

Racing Should Not Get Carve-Out From UK Risk Checks, Executives Say

Racing should not get an exemption from planned gambling financial risk checks it finds troublesome for its bettors, officials have said.
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Gambling

Ontario Jobs Report Draws More Praise For Province's Private Model

With Ontario鈥檚 regulated and private online gaming market now more than two years old, and with more data coming out to back the model鈥檚 success, government officials and industry leaders say the model is one that future provinces should look to replicate.
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Gambling

Brazil's Land-Based Gambling Bill Passes Key Senate Test

The Brazil Senate's Constitution, Justice and Citizenship Committee has approved a sweeping gambling expansion bill to legalise casinos and bingos across the country.
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Gambling

Tribes Gain Online Betting Advantage From U.S. Supreme Court's Florida Decision

The U.S. Supreme Court's decision not to review the landmark compact between the Seminole Tribe and state of Florida reaffirms the new model for how tribes in various states might conduct state-wide mobile gaming under federal law, according to tribal gaming law experts.
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Gambling

Chile Online Operators Urge Regulator Overhaul

Chile鈥檚 unlicensed online operators are calling for 鈥渕odernisation鈥 of the national gaming regulator, the Superintendence of Casino Gaming.聽
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Gambling

Danish Supplier Licensing Turns Spotlight On Aggregators

Aggregators may need to apply for supplier licences in Denmark if they have compliance oversight for the games they supply, as the industry prepares for a new 2025 regulatory regime.
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Gambling

Irish Study Recommends Ad Restrictions, Rapid Age Verification

Ireland should introduce restrictions to reduce underage exposure to gambling, according to an Economic and Social Research Institute (ESRI) report that found strong links between childhood experiences of gambling and problem gambling in adulthood.
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Gambling

Apple Pay Later Meets An Early Demise

Apple is scrapping its highly anticipated buy now, pay later (BNPL) service as key jurisdictions move towards regulating BNPL in the same way as other credit products.
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Payments

Wholesale CBDC Issuance Set To Accelerate In Coming Years, Says BIS

Over the next six years, central banks are more likely to issue wholesale central bank digital currencies (CBDCs) than retail CBDCs, a new report from the Bank for International Settlements (BIS) has found.
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Payments

Phoenix Payments Hit With Hefty Fine In Latest Lithuania Crackdown

The Bank of Lithuania has signalled its commitment to tightening compliance in the payments and e-money sector, handing out fines totalling more than 鈧1m for breaches of compliance.
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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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