Archived Insights

The European Banking Authority (EBA) has launched a public consultation on new guidelines for de-risking to help improve access to finance for vulnerable customers.

The European Council has agreed its position on the new single rulebook for anti-money laundering as Brussels reels from the transparency register court ruling.

Colombia is building a new instant payment system with a particular focus on user experience and full interoperability with other payment networks.

Following the EU’s negotiations on new consumer credit rules, key Brussels lobbyists have welcomed the news but urge caution.

The UK minister in charge of gambling policy has said he is keen to publish the long-awaited Gambling Act review white paper “in the coming weeks”, but failed to provide any clear timeline for its release.

A Vermont study committee is set to recommend the legalization of sports betting in a report expected to be approved next week.

Matching a face from a digital image with another face in a database is becoming more common in casinos, raising questions about whether regulations should be enforced to protect the privacy rights of gamblers.

Poland’s leading bookmaker STS Group says it has made progress in a lawsuit against Kindred Group and its bookmaking brand Unibet, accusing it of what the company describes as a continuous violation of the country’s gambling law.

In its latest proposal on advertising standards, the UK Financial Conduct Authority (FCA) calls for new checks and balances on the gatekeeper firms that approve financial ads for other companies.

Plans championed by Italy's new government to promote cash use over digital payment methods have drawn concern from the Banca d’Italia, which warns of illicit finance risks.

The Maltese Financial Intelligence Analysis Unit has issued a financial penalty to the UK-headquartered bank for failing to comply with money laundering laws.

Massachusetts regulators have deferred a potential vote on granting a sports-betting license to Penn Entertainment’s Plainridge Park Casino, citing concerns about the company’s Barstool Sports brand.

A state court judge has declined to dismiss a lawsuit claiming Virginia’s 2021 ban on so-called skill-game machines violates free speech, and due to a state senator’s involvement in the case, it will not go to trial until April or May.

Australian money laundering watchdog AUSTRAC has taken the Adelaide casino operation of Australasian listco SkyCity Entertainment Group to court in a potentially billion-dollar civil proceeding, the latest in a flurry of AUSTRAC actions against gambling companies.

The Dutch minister overseeing gambling policy has told parliament he intends to tighten rules surrounding addiction prevention, as well as further limit advertising.

Negotiators from the European Council and the European Parliament have reached a provisional agreement on the Consumer Credit Directive. The revised legislation repeals and replaces the current 2008 directive on consumer credit agreements.

With backing from the UN, the UK government and the Bill & Melinda Gates Foundation, Queen Máxima and colleagues are fashioning a global network for regulatory expertise through the University of Cambridge.

This regulatory analysis will focus on customer due diligence (CDD) timing triggers and is the first of a series that will compare the licensing regimes of e-money operators and banks. It will first lay out the role that e-money plays in three very different jurisdictions: Singapore; the United Kingdom; and the Philippines. It will then examine the CDD trigger requirements for e-money providers in each of these jurisdictions in comparison to the equivalent regulation that applies to banks.

Flying in the face of global trends, Italy’s new Prime Minister Giorgia Meloni wants to raise the limits on cash payments and support merchants to refuse cards for purchases below €60.

A group of Dutch gamblers have filed a lawsuit demanding their losses back from the online platforms they used to place their wagers during the country’s grey market era.

As the investigation continues into the recent cyberattack that affected an unconfirmed number of accounts with major U.S. sportsbook operators, including FanDuel and DraftKings, state gaming regulators are placing a greater emphasis on two-factor authentication and consumer protection, although the responsibility to secure accounts lies with the licensee.