Insights Archive

December 14, 2022

US Senators Stall Key AML Bill

The ENABLERS Act, a major piece of legislation that seeks to end a legal loophole in the US anti-money laundering (AML) framework, has been blocked by Republican senators.

December 14, 2022

Danske Bank AML Saga Ends With $3bn In Penalties

Danske Bank has agreed to pay a total of $2.4bn in two US investigations to settle charges by the Federal Bureau of Investigation (FBI) and the Securities and Exchange Commission (SEC) in what has been described as Europe’s largest anti-money laundering (AML) scandal. Its Danish case is also set to end today with a $0.54bn fine, VIXIO has learned.

December 14, 2022

Card Use Soars To 90 Percent In UK, Business Group Reveals

Some 90 percent of retail spending and 82 percent of transactions were carried out on debit or credit cards in 2021 in the UK, according to the British Retail Consortium’s latest Payments Survey.

December 14, 2022

Judges In Critical Sports-Betting Case May Lean Toward Seminoles

The sports-betting industry is hoping for a major breakthrough when a landmark Florida case goes before a three-judge panel on Wednesday in the U.S. Circuit Court of Appeals in Washington, D.C.

December 14, 2022

UK Nations Targeting Gambling Harms Ahead Of White Paper

Scotland, Wales and Northern Ireland are addressing concerns associated with gambling harms as they impatiently await the release of the UK government's Gambling Act review white paper.

December 13, 2022

European Council Reaches eID Agreement

The European Council has adopted its position on the proposed legislation for a European digital identity (eID) framework, making a fair amount of amendments in the process.

December 13, 2022

Brazil Crypto Bill ’Sets The Ball Rolling’

Brazil is on the verge of becoming the first Latin American country to adopt a framework for crypto-assets, setting the bar for other countries in the region to follow.

December 13, 2022

Jeremy Hunt Unveils ’Next Chapter’ For UK Financial Services

Chancellor of the Exchequer Jeremy Hunt has laid out the "Edinburgh Reforms", a list of more than 30 regulatory reforms aimed to "unlock investment" and "turbocharge" growth in the UK.

December 13, 2022

Maltese Bookmakers Must Pay Polish Income Tax

The Polish Supreme Administrative Court has ruled that a Malta-based bookmaker which aims to provide its services to customers in Poland via a local representative is required to pay Polish corporate income tax.

December 13, 2022

Brazil's Deadline For Sports-Betting Regulatory Decree Passes

The statutory deadline to regulate a 2018 law for sports betting in Brazil has come and gone, with no sign of action from President Jair Bolsonaro’s outgoing government.

December 13, 2022

Technology Advances Raise Cyber Threat Level For U.S. Gaming Industry

The protection of consumer data has become a critical issue for U.S. casino and online gaming operators as hackers continue to acquire the bundles of sensitive data the industry collects and stores about its customers, warn regulators and security executives.

December 13, 2022

Massachusetts Commission Defers Promotional Play Decision

Massachusetts regulators remained undecided Monday on whether to allow operators to deduct promotional play from taxable revenues when the state’s sports-betting program launches in 2023.

December 13, 2022

Australian Regulator Sues Individual Star Directors

Australia’s corporate regulator has launched civil prosecutions against 11 current and former directors and senior managers of casino operator The Star Entertainment Group, marking a new phase of legal accountability for powerful individuals in the Australian gambling industry.

December 12, 2022

PSR Consults On UK Fraud Reporting Model

The Payments Systems Regulator (PSR) has updated its plans to publish data on how well UK firms are protecting customers against authorised push payment (APP) scams.

December 12, 2022

Santander Slapped With £107.7m UK Fine Over AML Failures

The UK's Financial Conduct Authority (FCA) has imposed a £107.7m fine on Santander UK over "serious and persistent gaps" in the bank’s anti-money laundering (AML) controls that affected business banking customers.

December 12, 2022

Greek Regulator To Court Suppliers

The head of the Greek gambling regulator wants to tempt suppliers to relocate from Malta and Gibraltar, and has said that he expects to collect €1bn in gambling taxes for the state budget in 2022.

December 12, 2022

U.S. Land-Based Casinos Need To Adjust To Growth Of Online Gaming

A senior executive with Boyd Gaming believes internet gaming is the key to the future of the casino industry and disagreed with arguments that offering online or mobile slot machines and table games will hurt brick-and-mortar business.

December 12, 2022

U.S. Gaming, Lottery Industries Under Threat From Unregulated Gambling

Illegal gambling in the United States has expanded to the point where unregulated slot machines and offshore sports betting and casino websites are a direct threat to the legal gaming and lottery markets, according to leading industry officials.

December 9, 2022

BNPL, Crypto Come Under Fire In UK Financial Services And Markets Bill Debate

Both buy now, pay later (BNPL) and crypto firms came under heavy criticism in the latest debate on the Financial Services and Markets Bill, following the introduction of new amendments to the proposed legislation.

December 9, 2022

Week In Crypto: Ex-FTX CEO Hires Ghislaine Maxwell Lawyer, Kim Kardashian Escapes Promo Penalty

FTX’s disgraced former CEO taps Ghislaine Maxwell’s trial lawyer, Kim Kardashian breathes a sigh of relief and Celsius is ordered to return $44m worth of crypto to customers.

December 9, 2022

US Bill Seeks To Close Bank Licensing Loophole Before Bigtech Takes Advantage

A new US bill, introduced by a top Democratic senator, would close a legal loophole that allows companies to operate banks without proper oversight, addressing fears that bigtechs may exploit it to expand their financial services.