Archived Insights

Worldpay has been fined in Colorado, Uruguay still wants potentially online-linked casino bids and Australia launches casino crime hunt.

The European Banking Authority (EBA) has published new guidelines that aim to clarify the duties of anti-money laundering and counter-terrorism financing (AML/CTF) compliance officers.

Along with updated good practice, the UK's Financial Conduct Authority (FCA) is toughening its stance on temporary changes to branch services made during COVID-19 that have now become permanent.

Brazil is proposing a constitutional change to add the right for digital inclusion to the list of fundamental rights.

The long-awaited final report on British Columbia’s public inquiry into money laundering confirmed that for more than a decade casinos in the province accepted hundreds of millions of dollars linked to organized crime and the drug trade.

​​​​​​​Gambling in the UK has become increasingly easy to access, glamorised and promoted to a wide audience that includes children, according to representative bodies of public health experts.

Maryland Governor Larry Hogan has slammed the state’s mobile sports-betting application review body and called for an accelerated timeline that would allow mobile wagering to begin in time for the National Football League (NFL) season in September.

In a 5-4 decision that could boost efforts to expand gambling in Texas, the U.S. Supreme Court on Wednesday ruled the Tigua Indians of El Paso can continue electronic bingo operations.

​​​​​​​The Dutch minister in charge of gambling issues has rejected calls for a general ban on gambling advertising, saying he disagrees with a Belgian minister’s view that “gambling is the new smoking”.

Coinbase founder and CEO Brian Armstrong has announced plans to lay off about 18 percent of the company’s staff, due to fears of recession and declining revenues from crypto-trading.

Banking Circle, a payments bank headquartered in Luxembourg, has agreed to provide foreign exchange and settlement services to two European mobile payment providers, TWINT and Bluecode.

After criticism for the new code being overly onerous on both banks and borrowers, the latest version of New Zealand's responsible lending code has largely reversed to the pre-2021 edition, but complications remain.

California’s new data privacy agency has started the rulemaking process to level up data protection rules in the state and posted the first version of proposed regulations, albeit with several notable omissions.

Just two weeks before his inauguration, Philippine President-elect Ferdinand Marcos Jr has yet to reveal the fate of online gaming for the local market, even to regulator PAGCOR, according to a top executive.

A Colorado state auditor report has voiced several concerns about the first year of regulated sports betting in the state, including processes for temporary licensure, as well as the effect of deductible free bets on tax returns.

As New Jersey continues to rake in more than $2bn annually from internet gaming and online sports betting, the question arises why Florida is not being allowed to do the same thing — so far.

Celsius, one of the world’s largest crypto lending platforms, has announced that it has suspended all withdrawals due to “extreme” market conditions.

In March 2022, the Australian Treasury announced the publication of its consultation paper titled “Crypto-Asset Secondary Service Providers: Licensing and Custody Requirements”. The consultation paper proposes a regime governing the licensing of crypto-asset secondary service providers and certain requirements for custodians of crypto-assets in the country. This regulatory analysis will delve into the background of the consultation, as well as the key provisions and requirements of the proposed regime. It will then assess the possibility of opting for alternative requirements proposed by the government, in addition to the potential implications of these regulatory changes for providers and the wider crypto-asset ecosystem.

The Reserve Bank of India has issued new guidelines that will make it easier for urban cooperative banks to offer doorstep banking services.

Custodia has accused the Federal Reserve Board of getting in the way of innovation by unduly prolonging the process of granting access to the central bank’s payment system.

The UK's Financial Conduct Authority (FCA) is on the cusp of outlining its final Consumer Duty proposals, which are due to be introduced next year, as experts express concerns it may be a bumpy ride with many firms not prepared.