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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: July 8-July 12, 2024

The Isle of Man鈥檚 Gambling Supervision Commission chief executive is stepping down after 17 years, the UK's new gambling minister is still not confirmed and former NBA player pleads guilty to betting scandal charges.
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Gambling

Brazil Attorney General's Office Fires Back At Rio Blocking Order

Rio de Janeiro's state lottery and the Brazilian attorney general's office are at loggerheads over last week's Federal Regional Court decision that ordered Brazil's telecoms regulator to block access to sports betting and online casino sites operating without a state licence.聽
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Gambling

Week In Crypto: German Government No Longer A 'Bitcoin Billionaire'

Bitcoin seized by the German government continues to spook the markets, a crypto executive pleads guilty to money laundering failures, and a former Crypto.com compliance officer is accused of extortion.
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Payments

Regulatory Influencer: Brazilian Central Bank Announces New Open Finance Rules

On July 4, 2024, the Central Bank of Brazil (BCB) and the National Monetary Council (NMC) announced new open finance rules that will enable Pix by approximation. These regulations aim to simplify the payment initiation process, broaden the scope of participating institutions and establish a definitive open finance governance structure.
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Payments

North Carolina Anti-CBDC Bill Will Pass Despite Veto, Say Lawmakers

The governor of North Carolina has defied state lawmakers by vetoing an anti-central bank digital currency (CBDC) bill that was passed with near-unanimous support in the House and Senate.
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Payments

Lithuanian Authorities Impose Record 鈧9.3m Fine On Crypto Operator

The Financial Crimes Investigation Service has fined Lithuanian-registered company Payeer more than 鈧9.3m for violations of international sanctions and anti-money laundering regulations.
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Payments

Global Virtual Asset Regulation Still Inadequate, Says FATF

The implementation of Financial Action Task Force (FATF) standards on virtual assets and virtual asset service providers falls way short of what is necessary, according to a new report from the watchdog.
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Payments

Daily Dash: Mexico Tightens Rules On Information Exchange With Foreign Entities

Mexico has published new regulations on information exchange with foreign financial institutions, while India's central bank has welcomed another positive year for financial inclusion.
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Payments

Iowa Regulators Fine Tipico $20,000, Assess Timeline For Potential 20th Casino

The Iowa Racing and Gaming Commission plans to hold a meeting on Friday to set a timeline for dealing with any applications for a new casino license, a process that has been on hold during the state鈥檚 two-year licensing moratorium that recently expired.
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Gambling

Gaming Industry Still Vulnerable, Appealing For Cyberattacks

Following a series of high-profile cyberattacks on gaming companies in the last 12 months, industry officials have said the combination of money and data possessed by operators continues to make them an attractive target for hackers.
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Gambling

Brazil's New Taxes Raise Questions With No Ready Answers

Brazil鈥檚 proposed "sin" tax on online betting and other forms of gambling is being met with confusion from within the industry.聽
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Gambling

UK Bans Another EA Ad For Not Adequately Disclosing Loot Boxes

The UK鈥檚 advertising watchdog has banned another Electronic Arts (EA) advert for failing to adequately disclose that its game contained the ability to purchase loot boxes.聽
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Gambling

Dutch And German Regulators Release DORA Compliance Guidelines And Checklist

Financial institutions in the Netherlands and Germany have access to new resources to help them prepare for the Digital Operational Resilience Act (DORA), which comes into effect on January 17, 2025.
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Payments

Daily Dash: Canada Proposes Strengthened Regulations For Money Services Businesses

Canada鈥檚 federal government is looking to introduce criminal record checks for key personnel at domestic money service businesses, while BNP Paribas has been fined for "severe" AML failures in Luxembourg.
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Payments

Casinos Top AUSTRAC's List For Laundering Risk In Gambling

Australia鈥檚 financial transactions regulator has issued a three-year forecast for money laundering vulnerability that rates the gambling sector overall as stable and medium risk.
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Gambling

Brazil Lawmakers Propose New 'Sin Tax' On Gambling

A congressional working group to implement a major Brazilian tax reform bill has proposed that all fixed-odd betting, sweepstakes, games of chance and fantasy sports should be subject to a so-called "sin" tax.
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Gambling

Ohio Regulator Seeks Comment On Updated Promotions, Bonuses Rule

Ohio sports-betting operators have until Friday to submit comments on an updated amendment to promotional and bonus regulations that seek to clarify how licensees can offer inducements connected to non-gaming transactions.
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Gambling

Nigeria Issues New Withholding Tax Regulations, Including Some Gambling Exemptions

Nigeria鈥檚 Federal Ministry of Finance has issued new regulations for deducting taxes from a range of payments at their source, including winnings from games of chance.
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Gambling

FinTech Australia Urges Regulators To Publish Clearer Data On Open Banking

A key fintech association in Australia is challenging the country鈥檚 regulators to offer more accurate open banking data, as disagreements emerge over how to quantify consumer adoption.
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Payments

EU Rejects Citizen Petition To Amend PSD2 Due To Costs

Polish citizen Krzysztof Banasiewicz鈥檚 petition urged amendments to the revised Payment Services Directive (PSD2) to ease the financial challenges faced by intra-EU emigrants and enhance security for payment service providers.
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Payments
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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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