Insights Archive

September 12, 2022

Maryland Regulators Won’t Extend Sports-Betting Application Deadline

The Maryland Sports Wagering Application Review Commission (SWARC) gathered in Baltimore on Friday to allow industry stakeholders to share their opinions on proposed sports-betting licensing regulations.

September 9, 2022

Week In Crypto: US Regulator Claims Celsius Was Insolvent Three Years Ago; Love Islanders Struck Down By ASA

New analysis indicates that Celsius was already insolvent long before this year’s crypto crash, Love Island celebrities get issued a cease and desist order and an old Binance AML probe resurfaces.

September 9, 2022

Cruel Summer For Maltese Bank As AML Watchdog Hits It With Fine

Novum Bank, owned by a Dutch billionaire, has become the latest financial institution to be fined by Malta’s Financial Intelligence Analysis Unit (FIAU).

September 9, 2022

Visa, Mastercard Namechecked By NZ Regulator In New Price Cap Plans

Under new legislation, Mastercard and Visa will be the initial focus of the New Zealand Commerce Commission’s work to encourage more competition and efficiency in the island’s retail payment system.

September 9, 2022

Daily Dash: Wise Hit By $360,000 AML Fine In UAE

UAE authorities fine Wise for AML breach, Indian banks team up with Singapore’s DBS for real-time cross-border remittances and Nigeria looks to attract digital asset firms

September 9, 2022

Massachusetts Regulators Discuss And Adopt Initial Sports-Betting Regulations

Even with the NFL season underway, regulators in Massachusetts plan to take their time in crafting implementing rules for sports betting, including through consideration of new policy recommendations to ban in-play betting and limit advertising.

September 9, 2022

Ireland Gambling Regulator CEO Appointment A 'Milestone'

Ireland’s minister of state has hailed the “milestone” of appointing long-time senior civil and public servant Anne Marie Caulfield as the designated CEO of the country’s planned independent gambling regulator.

September 9, 2022

News in Brief: September 5-September 9, 2022

The head of global gambling firm Entain has joined those predicting action to restrict football sponsorships will be part of long-awaited UK reforms to gambling laws.

September 8, 2022

Australian Banks Prepare To Launch New National Digital ID System

Four of Australia’s largest banks have put their support behind a new national digital identity infrastructure known as ConnectID.

September 8, 2022

Moneygram Must Sort AML Deficiencies By End-2022, Says Swedish Watchdog

Sweden’s Finansinspektionen (FI) has told US cross-border payments company Moneygram that it must solve its money laundering deficiencies by December 30 at the latest, in the latest enforcement action from the regulator.

September 8, 2022

FCA, Treasury Disagree With MPs Over ‘Have Regard’ Recommendation

The UK government and the Financial Conduct Authority have taken the opposite view to the Treasury Select Committee on whether the latter should legally ‘have regard’ for financial inclusion matters.

September 8, 2022

Denmark Proposes Banning Celebrities In Gambling Ads

Denmark’s minister of taxation wants to ban the use of celebrities in gambling marketing, as he presents a raft of proposals to tackle gambling addiction to lawmakers.

September 8, 2022

Ohio Sets October Deadline For Applications, Or Disqualification From January Launch

With less than four months to go before the launch of retail and mobile sports betting in the Buckeye State, Ohio’s top gaming regulator expressed frustration with applicants who have yet to submit information concerning their beneficial owners and leadership personnel that will oversee operations.

September 8, 2022

Are You Ready For Some Football? Peak Of U.S. Betting Season Kicks Off

The National Football League opens its 103rd season on Thursday night and the American Gaming Association predicts a record number of 46.6m adults in the U.S. will bet on NFL games.

September 8, 2022

Head Dutch Regulator Advocates For Tougher Deposit Limits

The head of the Netherlands’ Gaming Authority (KSA), René Jansen, has spoken out once more to advocate for stricter duty of care restrictions for online operators.

September 8, 2022

Finnish Audit Office Questions Gambling Grants

Finnish government authorities have been told to be more transparent when awarding grants from state-owned monopoly Veikkaus' proceeds, as the operator warns of a need to explore a licensing system if its market share continues to fall.

September 7, 2022

India’s PayU To Acquire Rival Payments Gateway BillDesk In $4.7bn Deal

India’s competition commission has given the go-ahead to a new fintech acquisition that is thought to be the second-largest in the history of India’s online services sector.

September 7, 2022

Russian U-turn Could Legalise Crypto To Create Cross-Border Payments Lifeline

A top official at Russia’s Ministry of Finance has said the country may legalise crypto to create a cross-border payments lifeline, marking a dramatic U-turn from a new law passed only two months ago.

September 7, 2022

Truss’ In-Tray: What Payment Firms Can Expect From New PM

As Boris Johnson bids Downing Street farewell, VIXIO looks at what we can expect from incoming prime minister Liz Truss, and what this means for payments compliance.

September 7, 2022

Central Bank Governor Says FedNow Will Negate Need For CBDC

US debates about a digital dollar are heating up as the country is inching closer to the adoption of FedNow, raising the question of why a country with a well-functioning payment infrastructure would invest in the development of a central bank digital currency (CBDC).

September 7, 2022

Industry Warned As Australian Police Raid Slots 'Syndicate'

Federal and state government agencies in Australia have cracked an alleged syndicate that laundered A$4.7m ($3.2m) in winning cheques bought from slot machine customers, prompting Victoria state’s regulator to warn it has “put the whole gambling industry on notice”.