Insights Archive

May 27, 2022

European Commission Outlines Tougher Rules On Freezing And Confiscating Oligarchs’ Assets

Brussels has proposed new rules to make seizing assets easier and undermining Russia sanctions in the trading bloc a crime.

May 27, 2022

’A Disproportionate Negative Impact’: EDPB Shares AML/CTF Package Concerns

The European Data Protection Board (EDPB) has written to the EU’s co-legislators, outlining its ongoing worries about the latest financial crime package to come out of Brussels.

May 27, 2022

Fraud At The Top: Hemsley Sets Out PSR Priorities To Lawmakers

Payments fraud, how to manage interchange fees and whether the Payment Systems Regulator needs a standalone chair all came up during a hearing with the UK’s members of parliament (MPs).

May 27, 2022

SEC Strengthens ESG Reporting Rules As Debate Rages

The US Securities and Exchange Commission (SEC) is proposing to strengthen its rules to make information on claims made by firms concerning environmental, social and corporate governance (ESG) funds more consistent, comparable and reliable.

May 27, 2022

Washington Tribes Claim Maverick Gaming Lawsuit Threatens Sovereignty

The executive director of the Washington Indian Gaming Association believes a federal lawsuit filed by Maverick Gaming is not just about commercial cardrooms being able to offer sports betting but is a direct assault on tribal sovereignty in Washington state and nationally.

May 27, 2022

Spanish Ad Ban Could Be Ruled Unconstitutional

The Spanish Supreme Court may send the case against Spain’s gambling advertising ban to the Constitutional Court, where it could sit for years in legal limbo before any final decision is made.

May 27, 2022

UK Slot Design Limits Questionable, Says Panel

UK gambling stakeholders say new online casino game design rules have done little to limit gambling harm, but might have made things more fun.

May 27, 2022

Ambiguity About Enforcement Worries German Licensing Applicants

Questions surround the two-stage assumption of power by the planned German “super regulator”, including whether would-be online slots and poker licensees are at risk of enforcement after the regulator gains website and payment blocking power on July 1.

May 26, 2022

A Tectonic Shift: Bigtechs, Fintechs Make Up One-Third Of Total Financial Services Industry Value

Bigtechs, merchants and fintech companies now account for 35 percent of the total financial services industry value, shrinking the position of incumbent players and creating a new wider financial services market, says Oliver Wyman.

May 26, 2022

Take Action On Climate Change Or Face 15 Percent Profit Loss, BoE Warns

The Bank of England (BoE) has told financial institutions that unless they step up their work to deal with the burgeoning climate crisis, climate risks could trigger a “persistent and material drag on their profitability”.

May 26, 2022

PSR Outlines New Confirmation Of Payee Plans

The UK's Payment Systems Regulator (PSR) is extending the Confirmation of Payee (CoP) scheme, which means around 400 more financial firms will be required to introduce the payment protection measure.

May 26, 2022

Long Waits, Big Fees: APP Fraud Victims Face Barriers Getting Through To Banks

UK scam victims face half-hour waits and hefty call fees when they call their bank's fraud lines, consumer group Which? has revealed.

May 26, 2022

SWIFT Nears Completion Of Cross-Border CBDC Payments Study With Capgemini

SWIFT, the global interbank messaging system, has almost completed its latest round of experiments on cross-border central bank digital currency (CBDC) payments with the help of French IT firm Capgemini.

May 26, 2022

Malta Firms Face Financing Struggles

Malta’s tarnished financial reputation is making life difficult for operators seeking funding, but at least one major player says it remains committed to the island.

May 26, 2022

India Committee To Propose National Online Gaming Regulator

India’s central government has established a cross-ministry committee to explore the national regulation of online gaming, a potentially seismic development that could augur a shift to liberalisation across much of the country.

May 26, 2022

Ontario Set To Squeeze Suppliers Assisting Grey Market

Ontario regulators have helped guide operators and suppliers through their transition from the grey to regulated online gaming market in the provinces, but are now expected to pressure newly registered suppliers that continue to service both the licensed and offshore segments.

May 26, 2022

Danish Problem Gambling Rate Doubling Dismays Government

Danish lawmakers will discuss new measures to tackle gambling addiction and a local trade group has announced several changes, after a new report revealed that the number of people with gambling problems has more than doubled since 2016.

May 26, 2022

Lopsided Vote Boosts Momentum For $1.7bn Bally's Casino In Chicago

Chicago took a giant step toward becoming the largest city in North America with a full casino-resort after the Chicago City Council on Wednesday overwhelmingly approved Mayor Lori Lightfoot’s recommendation of Bally’s Corporation to develop a $1.7bn project in the Windy City.

May 26, 2022

News In Brief: May 23-May 27, 2022

The Queensland state government has introduced a new casino control bill in response to the fallout from other state inquiries that have eviscerated management at Crown Resorts and The Star Entertainment Group.

May 25, 2022

Fed Issues Final Rule On FedNow Transfers

The Federal Reserve (Fed) has finalised a rule for payment transfers over its forthcoming FedNow service, discussing fraud prevention and what “immediate” payments mean.

May 25, 2022

Sweden Completes First Phase Of Migration To TIPS

Sweden's central bank, the Riksbank, has successfully completed the first phase of the migration to TARGET Instant Payment Settlement (TIPS), paving the way for the instant settlement of payments in Swedish kronor.