Insights Archive

July 29, 2022

SEC Takes Action Against Large US Banks On Customer Identity Theft

The Securities and Exchange Commission (SEC) has charged J.P. Morgan, UBS and securities broker TradeStation on separate counts for deficiencies in their programmes aimed at preventing customer identity theft.

July 29, 2022

Nevada Regulators Approve Updates To 'Archaic' Gaming Requirements

The Nevada Gaming Commission has signed off on a series of small but substantial changes to rules related to the state’s gaming licensing and revocation process as regulators continue the process of updating or streamlining the state’s rules, some of which have been in effect for decades.

July 29, 2022

Macau Announces Tender For Casino Concessions

After years of government silence and industry confusion, Macau has finally announced a tender for the next wave of casino concessions.

July 29, 2022

News In Brief: July 25-July 29, 2022

Dutch lotteries investigated over potentially illegal online games, new AGA guidelines for AML compliance published and slots scandal deepens in Paraguay.

July 28, 2022

CFPB’s Chopra Says See You In Court To US Lawbreakers

In a number of wide-ranging interviews, Consumer Financial Protection Bureau (CFPB) chief Rohit Chopra has told newswires his crusade is not yet over against lawbreaking big firms and that his agency may rein in bigtech, surging mobile wallet fraud and crypto.

July 28, 2022

FCA Confirms Plans To Go Ahead With Consumer Duty

The UK’s financial watchdog has said it will give companies a year to get ready for the new Consumer Duty rules, which require firms to put “customers' needs first”.

July 28, 2022

SCA Win, But Identity Fraud Warning For France

France joins other European regulators in warning that internet payment fraud reductions are outweighed by a rise in new forms of cybercrimes that legislation has yet to protect against.

July 28, 2022

US Bill Ventures To Address Discrimination At Banks

A new bill introduced by top members of Congress would ban financial institutions from discriminating against customers based on their race, gender or sexual orientation, in line with the Biden administration’s wider efforts to fight discrimination.

July 28, 2022

U.S. Sports-Betting Company Leaderboard Still In Flux

Gaming executives and investors believe there is still a significant amount of turnover coming in the years ahead for those not currently leading the pack in U.S. sports betting.

July 28, 2022

Polish Illegal Slot Operators Dodging Thousands Of Fines

Data from the country’s Ministry of Finance shows Poland’s fight against illegal slots is inefficient and has done little to curtail the country’s sizable gaming machine black market.

July 28, 2022

California, Tribes Consider Next Steps After Compacts Rejected Again

For the second time in less than a year, the U.S. Department of the Interior has not approved gaming compacts with two California tribes claiming that they violated portions of the Indian Gaming Regulatory Act, leaving all sides wondering if a third time will be the charm.

July 28, 2022

Northern Cyprus State Lottery Blunder Forces President To Intervene

The President of Northern Cyprus has fired the head of the lottery regulator after “a huge and unforgivable blunder” meant National Lottery tickets were printed with an image of a rival Greek nationalist paramilitary group.

July 27, 2022

Back On Track As ECB Reveals Post-Pandemic Payments Spike

Card payments are one of the big winners of a post-pandemic bump in transaction volumes across the EU, increasing 17 percent in 2021, according to the latest annual payments statistics released by the European Central Bank (ECB).

July 27, 2022

US Judge Approves Plaid Privacy Suit Settlement

The California district court has ordered data aggregator Plaid to delete a vast amount of consumer data and pay $58m to those whose data was sold without consent.

July 27, 2022

HSBC Reveals Top Three Scams So Far This Year

As the UK grapples with its ongoing fraud problem, one of the country’s largest financial institutions has announced the three most common scams it observed between November and April.

July 27, 2022

Indonesia: Wholesale CBDC Design To Be Ready By Year-End

Indonesia’s central bank governor has said he aims to reveal the design of the country’s wholesale central bank digital currency (CBDC) by the end of 2022, putting banks on notice for a major technical upheaval.

July 27, 2022

Is Sports-Betting Defeat Better Than Victory For California Tribes?

With less than 15 weeks to go before the November 8 election, California gaming tribes seem more focused on beating a sports-betting referendum proposed by DraftKings, FanDuel and BetMGM than passing their own ballot initiative.

July 27, 2022

New Research Casts Doubt On 'Stable' UK Problem Gambling Figures

The latest Gambling Commission data has set the UK problem gambling rate at a stable 0.2 percent, but a new academic study backs claims the true rate is more than ten times higher.

July 27, 2022

Cambodian Unions Warn Of National Strike Over NagaWorld

A festering dispute between Phnom Penh integrated resort NagaWorld and hundreds of sacked workers is poised to devolve into a nationwide strike in Cambodia’s crucial textile and food industries.

July 27, 2022

Massachusetts Casinos Lobby For Legal Sports Betting

Executives from three Massachusetts casinos have sent a letter to a small group of state lawmakers imploring them to resolve their differences and pass a sports-betting bill before the legislative session ends on Sunday.

July 26, 2022

Six UK Banks Breach CMA Rules Over Inaccurate Promotions

The Competition and Markets Authority (CMA) has found that six large banks breached its retail banking market investigation order.