Insights Archive

December 5, 2024

Nigeria: FIs Must Raise Compliance Game To Exit Grey List In 2025, Says Central Bank

The head of the Central Bank of Nigeria (CBN) has told financial institutions (FIs) that implementing a “robust” culture of compliance will be “critical” to the country’s exit from the Financial Action Task Force's (FATF) grey list in 2025.

December 5, 2024

Daily Dash: US CFPB Proposes Rule To Stop Data Brokers Selling Sensitive Information

The US Consumer Financial Protection Bureau (CFPB) has proposed a new rule to restrict the sale of sensitive personal and financial information, aiming to prevent misuse of data by scammers, stalkers and foreign actors.

December 5, 2024

MEPs Challenge Commission On AI Overregulation

The EU is facing questions on competitiveness and innovation in the artificial intelligence (AI) sector and the risk of stifling the technology’s growth in the trading bloc.

December 5, 2024

UK Gambling Minister Warns of ‘Further Action’ On White-Label Companies

The new British gambling minister said she is reviewing the controversial practice of online gambling operators who use “white label” arrangements to market to gambling licensees outside the country.

December 5, 2024

U.S. Civil Suits Remain Popular Tactic For Sweepstakes Opponents

Sweepstakes gaming operators continue to face a steady stream of civil lawsuits challenging their business model in a variety of ways and seeking damages, with suppliers increasingly getting caught in the crossfire.

December 5, 2024

Betsson Operator Returns To Finland Payment Blocklist

Betsson has been returned to the payments blocklist in Finland after it failed in its Supreme Court challenge, marking the latest twist in an ongoing tussle with the country’s gambling regulator.

December 5, 2024

Brazil Senate Shelves Vote On Land-Based Gaming Expansion

Brazil’s Senate abruptly postponed its planned vote on a sweeping gaming expansion bill, after opponents insisted that senators’ attention be focused exclusively on an ongoing parliamentary investigation into online betting.

December 4, 2024

UN Agency Urges Ban On Gambling Ads To Reduce Harm

The World Health Organization has suggested that banning gambling advertising and ending sports sponsorships should be considered, along with counter-messages to reduce harm from gambling.

December 4, 2024

A Looming Shadow: Online Gambling Crime In Thailand And The Casino Campaign

In this Forensic Explainer, Vixio GamblingCompliance summarises the latest developments in online gambling policy and enforcement in Thailand, and discusses potential headwinds for integrated resort casinos that might flow from imperfect attempts to seal governance wounds opened by thousands of trafficking victims and an ebbing of public trust.

December 4, 2024

PSR Launches Consultation On New Payments Architecture

Following the UK government’s comments on the New Payments Architecture in the National Payments Vision, the Payment Systems Regulator (PSR) has begun setting out its plans to amend the rules for its governance at Pay.UK.

December 4, 2024

Hungary Winds Down EU’s First Retail CBDC Pilot

Hungary’s central bank has announced the closure of its Student Safe project, which emerged as one of the EU’s few operational central bank digital currency (CBDC) efforts.

December 4, 2024

Daily Dash: European Central Bank Updates Progress On Digital Euro

The European Central Bank (ECB) has published its second progress report on the digital euro preparation phase, which began in November 2023.

December 4, 2024

Cross-Industry Collaboration Key In Fight Against US Payments Fraud

With fraudsters adopting new technology and changing tactics, multiple sectors need to work together to combat fraudulent activity in payments.

December 4, 2024

Tether Withdraws Euro Stablecoin, Promising MiCA-Compliant Alternatives

Tether has announced that it will discontinue support for EURT, its euro stablecoin, but has said it plans to launch a replacement using an “advanced technology” solution.

December 4, 2024

Genting Granted Extension To Respond To Nevada AML Complaint

As Nevada regulators prepare tweaks to the state's gaming statutes, Genting has less than a week to officially respond to a multi-count complaint alleging the company and its Resorts World Las Vegas resort failed to comply with federal anti-money laundering laws.

December 3, 2024

Rush Street Interactive Eyeing Expansion Opportunities In Latin America

Rush Street Interactive has targeted Brazil to launch its RushBet brand next year as it continues to try and extend the company’s presence in Latin America through new market opportunities.

December 3, 2024

Colombia Launches New Safer Gambling Campaign

Colombian gambling regulator Coljuegos is continuing its campaign against gambling addiction with a new initiative designed to tackle the dangers of compulsive gambling.

December 3, 2024

Finnish Ethical Sports Centre Predicts Negative Gambling Reform Impact

The Finnish Center for Integrity in Sports (SUEK) predicts that reforming the country’s gambling law and opening up licensing for online betting will increase sporting event manipulation.

December 3, 2024

Australia Passes First Law To Regulate BNPL As Credit

Lawmakers in Australia have enacted new legislation that will regulate buy now, pay later (BNPL) products as credit, with providers required to obtain an Australian credit licence.

December 3, 2024

Daily Dash: Dutch Central Bank Highlights Personal Assessment Requirements Under DORA

The Dutch Central Bank has announced plans to conduct personal assessments of policymakers at financial institutions to ensure compliance with the EU's Digital Operational Resilience Act (DORA), which is set to take effect on January 17, 2025.

December 3, 2024

Digital ID Effective In Countering Fraud Threat, Says UK Government-Backed Body

The Centre for Finance, Innovation and Technology has announced new research showing that the secure use of digital identities could contribute an estimated £600m annually to the UK economy.