Insights Archive

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.

June 17, 2022

Win For UK Fintechs As AISPs Removed From AML Requirements

HM Treasury has removed the requirement for account information service providers (AISPs) needing to comply with UK money laundering regulations, but payment initiation service providers (PISPs) have not been so lucky.

June 17, 2022

Chinese Regulator Issues Fraud Warning On Regulatory Imposters

Chinese regulators have warned that people are being psychologically deceived into giving away their money.

June 17, 2022

Week In Crypto: Layoffs, Insolvencies And Possible Hedge Fund Collapse

It has been a rough week in crypto, with three major firms announcing layoffs, a lending platform facing a class action lawsuit and a crypto hedge fund once worth billions facing collapse.

June 17, 2022

Peoples Trust: First New Direct Participant Of Canada’s ACSS Since 1984

Payments Canada has announced that Peoples Trust will become a direct participant of the country’s bulk payments system, the Automated Clearing Settlement System (ACSS).

June 17, 2022

Malta To Be Removed From FATF Greylist, Say Reports

The Maltese media is reporting that Malta has been removed from the greylist of the Financial Action Task Force (FATF), a move that would be a relief to the island country’s financial services and online gambling industries.

June 17, 2022

The Policymakers And Firms Driving The Gulf’s Cashless Revolution

As cashless payments and fintech hots up across Gulf Cooperation Council countries, market participants warn of a skill shortage and some regulatory challenges.

June 17, 2022

India’s Post Bank Launches New Platform To Grow Financial Services

A new financial inclusion platform looks to promote new innovative start-ups to develop solutions across a range of financial services, leveraging the Indian postal bank’s 430m customers.

June 17, 2022

Malta To Be Removed From FATF Greylist, Say Reports

June 17, 2022

Brazil Senate Leader Confirms No Gambling Regulation Before Election

The fallout continues from the news that Brazilian President President Jair Bolsonaro and his evangelical support bloc will stand against approving both broader gambling legislation and sports-betting regulation before the election in October.

June 17, 2022

Maryland Regulator Preparing Mobile Sports-Betting Draft Applications, Rules

One day after being publicly taken to task by the state’s governor for delays in the mobile sports-betting application process, Maryland gaming regulators say that draft applications and regulations could be released by the end of June.