Archived Insights

The UK government is being urged to treat harmful gambling as a public health issue, as a new Department of Health report estimates the cost to English society to be in excess of £1.27bn a year.

Major online gambling operators are starting to comply with Dutch government demands to leave the market until they get a licence, as a consumer agency pulls out of talks over a proposed gambling advertising code.

The city of Las Vegas is planning a somber commemoration today for 60 victims who died four years ago in the worst mass shooting committed by an individual in the history of the United States.

Indiana fines Penn over TikTok ad, Asher joins IGT's sports-betting wing and new state lotteries planned in Brazil.

The introduction of Directive (EU) 2015/2366 (revised Payment Services Directive, PSD2) in January 2018, despite new restrictions at the time, allowed for thousands of products and services to be offered to consumers via the limited network exclusion (LNE). However, this was not the intention of the LNE; as such, the European Banking Authority (EBA) has introduced the Consultation on Draft Guidelines on the Limited Network Exclusion under PSD2 to tighten the scope of exemptions to PSD2. Despite the tighter scope under these guidelines, there are still many ways for payment service providers (PSPs) to be exempt from strong customer authentication (SCA) requirements. Additionally, as the EBA cannot amend PSD2, PSD3 is likely to be needed to clarify any remaining inconsistencies.

The UK intends to bring its anti-money laundering regime into line with the latest recommendations from the Financial Action Task Force. This may not represent a big overhaul, but experts believe that financial institutions will probably feel the effects of a new Companies House reporting duty and cryptocurrency reporting requirements.

Kroll has just published the results of a global bribery and corruption survey that it conducted in March, which ought to be of use to all money laundering reporting officers (MLROs).

BaFin has fined N26 for anti-money laundering (AML) failures, while Banca d’Italia and ARPCSO have brought an experiment in cross-border, cross-currency, instant payments to a successful conclusion.

Churchill Downs Incorporated has announced the sale of the historic Arlington Park racetrack property in suburban Chicago to the NFL’s Chicago Bears for a potential new stadium featuring a sports-betting facility.

Holland Casino and Nederlandse Loterij lead the list of ten Dutch online gambling licensees announced, with major brands such as Unibet, Betsson, PokerStars and bwin left out in the cold.

A Swedish court has rejected XC Gaming Sweden’s attempts to appeal a SEK5m (€490,000) fine imposed on it by the Swedish Gambling Authority last year, deeming the punishment that accompanied an official warning as “appropriate”.

In a renewed Japan gambit with “no capital commitment”, Caesars Entertainment has joined the Clairvest Group consortium that leads Wakayama Prefecture’s bid for an integrated resort licence.

The new man in charge of Italian gambling policy comes with his own idea of what good regulation looks like, but inherits a sector in need of drastic reform.

Mastercard Installments' buy now, pay later (BNPL) platform, a technical solution that allows banks to create their own BNPL solutions, is about to come to market in the United States, Australia and the UK.

The Hong Kong Monetary Authority has published the results of a thematic review of money laundering risks at stored value facility (SVF) firms.

A prototype of a multi-central bank digital currency (mCBDC) has shown that digital currencies and distributed ledger technology could result in cheaper and safer cross-border payments, a new report has shown.

Singapore’s PayNow and Malaysia’s DuitNow will link up in 2022, the respective countries’ central banks have announced.

London-based WPP has agreed to pay US$19m to the U.S. Securities and Exchange Commission (SEC) to dissuade it from pressing charges with the accusation that several subsidiaries made corrupt payments. The company, according to the SEC, failed to spot the offences because its internal accounting controls were deficient.

A new Finnish study says it has found a clear link between harmful gambling behaviours, people receiving social benefits and the unemployed.

Beijing has issued a new warning to Philippine online gambling operators, promising enhanced cooperation between the two nations’ police forces amid a sustained Chinese crackdown against the regional industry.

The lawsuit everyone has been waiting for finally arrived on Mondayh when a powerful coalition of anti-gambling interests in Florida asked a federal court in Washington, D.C. to nullify the state’s landmark new compact with the Seminole Tribe.