Insights Archive

May 24, 2024

Financial Services Consumer Panel Raises Concerns Over UK Open Banking Proposals

The Financial Services Consumer Panel has offered its feedback to the UK's open banking proposals, emphasising concerns about potential harm to consumers, particularly vulnerable individuals, if not managed responsibly.

May 24, 2024

Daily Dash: UK Labour Party To Ramp Up Financial Crime Prevention

Labour has revealed new plans that could see whistleblowers claim six-figure rewards for information on sanctions busting, while China and Thailand have signed a new agreement to promote local currency use.

May 24, 2024

Northern Mariana Islands' Tinian Seeks To Reboot Online Gambling

Four Northern Mariana Islands lawmakers are attempting to kick-start a regulatory structure for online gambling on the island of Tinian by removing a licensee’s obligation to operate a land-based casino and hotel.

May 23, 2024

Thrust Into Spotlight, Couriers Push Marketing Benefits To U.S. State Lotteries

Lottery courier operators maintain that they serve an important function for state lotteries, enabling them to reach new players and bringing marketing firepower that the lotteries themselves may not have.

May 23, 2024

Brazil Licensing Ordinance Leaves Key Question Unanswered

Brazil’s long-awaited ordinance to establish the country’s licensing process arrived on Wednesday, but several provisions remain problematic, according to lawyers and operators.

May 23, 2024

Swedish Regulator Reiterates Support For Expanding Credit Gambling Ban

The Swedish Gaming Authority has said it approves of the Ministry of Finance’s proposal to expand a ban on gambling on credit while advocating for more clarity after flagging some concerns.

May 23, 2024

UK Charity Commission Confirms Case Opened Into GambleAware Allegations

The Charity Commission for England and Wales has launched an investigation into GambleAware after receiving claims it is breaking charity rules by failing to provide unbiased information.

May 23, 2024

Regulatory Influencer: Expansion of the e-CNY Pilot in Hong Kong and Potential Lessons for the Digital Euro

Vixio’s global roundup of imperative regulatory developments. Your lowdown on what the world’s regulatory leaders are up to this month.

May 23, 2024

Meta Partners With Match Group, Coinbase, Ripple In New Anti-Scam Alliance

A coalition of major social media companies, crypto firms and financial institutions have come together to form Tech Against Scams, a new partnership that seeks to identify and prevent cross-platform fraud.

May 23, 2024

Visa's New Flexible Credential Will Need Support From Payments Ecosystem

Visa has said it is "reinventing" the card with a new flexible credential feature, but its success will depend on other stakeholders in the payments chain building features to accommodate it.

May 23, 2024

UK Payment Fraud Stays Above £1bn In 2023

UK Finance’s latest fraud report has highlighted a persistent threat to the payments ecosystem despite advances in security measures.

May 23, 2024

Daily Dash: Turkey To Escape FATF Greylist By End Of June, Says VP

The Turkish government is expecting the country to be removed from the FATF greylist next month, while the Bank of Lithuania is set to begin hosting training sessions for firms looking to comply with MiCA.

May 22, 2024

Operators No-Show At Massachusetts Roundtable On Wagering Limits

Massachusetts regulators were set to have a roundtable discussion with sports-betting operators surrounding the practice of limiting successful customers, but when Tuesday’s meeting came, there was just one thing missing: the operators themselves.

May 22, 2024

Polish Lottery Raided By Anti-Corruption Bureau

Poland’s state lottery and sole online casino operator Totalizator Sportowy has been raided by officials from the country’s Central Anti-Corruption Bureau as part of a probe launched by the local prosecutor’s office.

May 22, 2024

Nigeria Government Awards Controversial Revenue Assurance Concession

Nigeria's government has awarded Yuan Resources Limited a controversial 15-year concession to deploy a revenue assurance platform for the lottery and gambling sector, in a bid to stop revenue leaks from the industry and improve oversight.

May 22, 2024

Regulatory Influencer: UK Financial Conduct Authority Sends 'Dear CEO Letter' on Implementing the Consumer Duty for Closed Products and Services

Vixio’s global roundup of imperative regulatory developments. Your lowdown on what the world’s regulatory leaders are up to this month.

May 22, 2024

New EU Retail Payments Strategy Needed, Official Says

A senior EU official has highlighted the need for an updated retail payments plan to address rapid changes in the payments landscape, such as the rise in big tech.

May 22, 2024

Card Duopoly Lacks Competition In Processing Services, UK PSR Says

Mastercard and Visa do not face effective competition when dealing with merchants and acquirers, the UK Payment Systems Regulator (PSR) has provisionally found, possibly heralding new regulation in the space.

May 22, 2024

Daily Dash: EU Council Approves Landmark AI Regulation

The European Council has advanced a major "risk-based" regulation on AI, while Iberpay and Banco Santander have begun processing instant international transfers to and from the SEPA area.

May 22, 2024

Brazil Publishes Licensing Ordinance For Online Gambling

Brazil’s regulated online gambling market will formally open at the start of 2025, but international operators still face uncertainties about whether a local partner will be needed to qualify for a licence, according to an ordinance published on Wednesday by the Ministry of Finance’s new gambling regulator.

May 22, 2024

Raided POGO Property, Mayor Linked To Singapore AML Case

A leading anti-gambling senator in the Philippines has linked a controversial mayor with ties to the online gambling industry to defendants in Singapore’s largest-ever money laundering case.