Insights Archive

June 27, 2022

CFPB Ponders Regulatory Changes To Credit Card Late Fees

Amid fear of inflation, the US Consumer Financial Protection Bureau (CFPB) is mulling regulatory changes to credit card late fees and to a provision that it says grants immunity for issuers against enforcement scrutiny.

June 27, 2022

A Move In The Right Direction? Payments Players Mull UK Treasury’s BNPL Proposals

Under the new government plan, UK firms will be required to ensure loans are affordable and rules will be amended to ensure advertisements are not misleading, but some concerns remain among industry experts.

June 27, 2022

UK Treasury Committee Launches Financial Services Subgroup

The Treasury Select Committee has launched a new sub-committee to scrutinise post-Brexit regulatory proposals for financial services.

June 27, 2022

EBA Seeks PSD2 And E-Money Merger

The European Banking Authority (EBA) believes the “opportunities vastly outnumber the potential challenges” of merging the revised Payment Services Directive (PSD2) and the Electronic Money Directive (EMD2), although not all agree.

June 27, 2022

Malaysian Officials Cite Huge Tax Hole In Push For Online Reform

Cabinet officials headlining Malaysia’s push for a regulated online gambling market have again publicly called for reform, warning that the current prohibition strips government coffers of 2bn ringgit ($454m) in annual tax revenue.

June 27, 2022

Paraguay Attempts To Exit Slot Machine Scandal

Paraguay’s gaming regulator, Conajzar, is trying to move on from its slot machine scandal and focus on a sports gambling tender, as its former boss piles on criticism of his ex-employer.

June 27, 2022

U.S. Gambling Industry Profitable Amid Inflation, Recession Concerns

Leading U.S. gaming executives and consultants are becoming more concerned at rising inflation hitting revenues at casinos, although there is still hope that the impact of an economic recession can be avoided.

June 27, 2022

UK Gambling Changes Could Come Quicker Than Expected

Changes to the UK’s 2005 Gambling Act could come quicker than expected, as most could be done either through the Gambling Commission or statutory instruments applied by the secretary of state, a gambling trade group executive has said.

June 27, 2022

Advertising, Promo Deductions Continuously Under Review By U.S. States

Advertising and promotional play deductions continue to be flashpoints in the U.S. sports-betting industry, as some states begin to make changes that could possibly curtail some advertising, while others continue to assess their options.

June 24, 2022

News In Brief: Woman Gets Jail Time In Danske Bank Money Laundering Case

A 49-year-old Lithuanian woman has been sentenced to eight years in prison for money laundering, as the aftermath of Danske Bank’s money laundering scandal continues.

June 24, 2022

Allow Account Information Services To Apply Own SCA, Says EBA

The EU’s banking watchdog has said that it wants to see account information services providers (AISPs) no longer relying on authentication procedures by banks, as it sends its payments legislation wishlist on to Brussels.

June 24, 2022

Kyrgyzstan To End Gambling Ban With New Casinos

A draft law legalising tourist casinos is on the verge of being approved in Kyrgyzstan, ending a ban on gambling that has been in place since 2012.

June 24, 2022

Tipwin Reported To Danish Police Over AML Failings

The Danish Gambling Authority (Spillemyndigheden) has reported Malta-based operator Tipwin to the police for allegedly neglecting its anti-money laundering (AML) obligations.

June 24, 2022

Nevada Fines Station Casinos For Sports-Betting Violations

Station Casinos will pay an $80,000 fine to Nevada gaming regulators to settle a two-count complaint over issues with the company’s sports wagering system that allowed the operator to accept online and mobile wagers on sporting events after they concluded.

June 24, 2022

Gibraltar Officials Vow To Get Off Greylist In A Year

Gibraltar officials have vowed to reverse the “disappointing surprise” of being relegated to the Financial Action Task Force's (FATF) greylist within 12 months.

June 24, 2022

A Future Gamble: How Artificial Intelligence Can Protect Players

Trade group European Lotteries held an event on Wednesday in Brussels to discuss ushering lotteries into the digital age, with the potential use of Artificial Intelligence (AI) as a means to protect players a highlight of the discussion.

June 24, 2022

News In Brief: June 20-June 24, 2022

The lawyer who wrote a damning Wire Act opinion that nearly sunk the US online gambling market has appeared as a witness in hearings in the 2020 Trump election debacle.

June 23, 2022

UK Government Commits To SME-Friendly Data Protection Reforms

Despite a desire from the UK government to reduce compliance for businesses, there has been pushback from respondents over a number of issues.

June 23, 2022

Jump In Suspicious Reporting In Malta Following FATF Greylisting

The number of suspicious reports and intelligence reports at Malta’s Financial Intelligence Analysis Unit shot up in 2021.

June 23, 2022

Dutch Finance Minister Outlines PSD2 Evaluation To Parliament

The Netherlands’ government has shared its wishlist for improvements to the revised Payment Services Directive (PSD2), pointing to setbacks with application programme interfaces (APIs) and data protection issues as priorities.

June 23, 2022

BIS: Crypto Has No Place In Future Monetary System, It’s All About CBDC

A new report from the Bank for International Settlements (BIS) has said that central bank digital currencies (CBDCs), not crypto, will be the foundation of the future monetary system.