Insights Archive

June 22, 2022

FATF Acts To Diminish Russia’s Influence On Organisation

In a move that could be seen as hesitancy, the anti-money laundering (AML) organisation has demoted Russia but retained it as a member.

June 22, 2022

CFPB Scrutinises US Bank Overdraft Fees, Customer Service

In two separate moves, the Consumer Financial Protection Bureau (CFPB) is seeking data from 20 financial institutions on their overdraft fees and is asking consumers whether they can obtain timely information about their accounts from large banks.

June 22, 2022

Dutch Regulator To See If Operators Walk The Walk

The Dutch regulator will begin checking that operators are really putting their responsible gambling policies into practice, as it starts a new wave of supervision.

June 22, 2022

New Gambling Ad Controls May Vex UK Betting Industry

At least one gambling lawyer thinks newly tightened restrictions on UK gambling ads aimed at protecting under-18s have more potential for grief for licensees than the much-dreaded affordability checks.

June 22, 2022

North Carolina House Committee Advances Sports-Betting Bills

A North Carolina House committee sent forward two bills that would legalize mobile sports betting in the state, a key step before the state legislative session’s scheduled end date next week.

June 22, 2022

Ethiopian Ministry Working To Ban Sports Betting

Ethiopia’s Ministry of Women and Social Affairs is working to ban sports betting in a bid to protect the country’s youth and avoid “various economic and social crises”.

June 22, 2022

Online Gambling Legislation Scrutinised In Peru

The two bills on the docket to regulate sports betting and online gambling in Peru were the centre of attention at the Peru Gaming Show last week, with operators grumbling that legislation was happening too quickly and was technically lacking.

June 21, 2022

Israel And Hong Kong Central Banks Partner With BIS To Study Cybersecurity Of Retail CBDC

A new partnership with the Bank for International Settlements (BIS) Innovation Hub aims to double down on data security and improve resilience of retail central bank digital currencies (CBDCs).

June 21, 2022

Irish Antitrust Watchdog Cautiously Clears Way For Banks’ Payments App

The Competition and Consumer Protection Commission has approved a payments app developed by Ireland’s retail banks to compete with fintechs following a 14-month investigation.

June 21, 2022

VIXIO Interview: Lord Holmes Of Richmond

In an exclusive interview with VIXIO, Lord Holmes Of Richmond, one of Westminster’s most influential fintech and payments advocates, speaks to us about financial inclusion, central bank digital currencies and how much progress has been made with the UK’s landmark Kalifa Review.

June 21, 2022

SEC Climate Risk Proposal Under Attack From Banks, GOP Lawmakers

The American Bankers Association and a group of 131 Republicans have called for the Securities and Exchange Commission (SEC) to withdraw altogether its proposed climate risk disclosure framework.

June 21, 2022

BetMGM To Be Profitable In 2023 As MGM Signals Progress In New York, Japan

MGM Resorts International has moved on from acquiring the 50 percent share in BetMGM owned by Entain after an $11bn bid was rebuffed as significantly undervaluing the company, according to CFO Jonathan Halkyard.

June 21, 2022

Illinois Population At Risk Of Problem Gambling, Report Finds

The Illinois Department of Human Services has released its first ever problem gambling report, which found more than 11 percent of the state’s population either has a gambling problem or is at risk of developing one.

June 21, 2022

EGBA Outlines European AML Challenges

European online gambling operators still face multiple anti-money laundering (AML) challenges across the continent, according to a Brussels-based trade association representing them.

June 20, 2022

Domino Effect: Two More Crypto Firms Restrict Withdrawals Due To Liquidity Issues

Finblox and Babel Finance have become the latest victims of an industry-wide crypto liquidity crunch, with both announcing new restrictions on customer withdrawals.

June 20, 2022

Gibraltar Added To FATF Greylist As Malta Exits

Gibraltar has been added to the Financial Action Task Force's (FATF) greylist, as the watchdog confirms that Malta has been removed.

June 20, 2022

India’s Central Bank Lifts Ban On New Customer Onboarding At Mastercard

The Reserve Bank of India has lifted a one-year ban on Mastercard onboarding new card customers in the country, as local card scheme RuPay sets its sights on Europe.

June 20, 2022

UK Government Commits To Consumer Credit Reform

The plans will aim to help cut costs for businesses, simplify rules for users and allow regulators to act more quickly to protect consumers.

June 20, 2022

Banks Freeze Accounts Of Takeover Target Okada Manila

Three banks have frozen the accounts of integrated resort Okada Manila, the Philippines' biggest casino, as an ownership battle threatens to strip more than 5,000 employees of salaries and imperil overall operations.

June 20, 2022

Gibraltar Added To FATF Greylist As Malta Exits

Gibraltar has been added to the Financial Action Task Force's (FATF) greylist, as the watchdog confirms that fellow gambling licensing hub Malta has been removed.

June 20, 2022

Paraguay Gambling Commission Ends Controversial Slots Deal

After months of scandal, Paraguay’s National Games of Chance Commission (Conajzar) has finally cancelled iCrop’s contract to supply coin slot machines in the country.