Insights Archive

April 29, 2022

Caliente Interactive Approved For Mobile Sports-Betting License In Illinois

Caliente Interactive, the largest gaming company in Mexico, is one step closer to entering the lucrative U.S. sports-betting market after Illinois regulators determined it met the minimum qualifications for an online-only wagering license.

April 29, 2022

News In Brief: April 25-April 29, 2022

Minnesota's sports-betting bill passes through its final committee stage and just two bids are left standing in Japan as casino-resort deadline passes.

April 28, 2022

Senators Rebuke Zelle Fraud Ignorance

US senators have poured criticism on large banks for ignoring widespread fraud and scams on the Zelle money transfer platform.

April 28, 2022

Give Ukrainians Payment Accounts, EBA Says (Again)

The European Banking Authority (EBA) has published a diktat to supervisors and financial institutions, stressing the need to ensure they use “every best effort” to offer Ukrainian refugees financial access.

April 28, 2022

Swedish Watchdog Investigates Bankgirot

The Swedish financial regulator, the Finansinspektionen, is investigating the clearing system’s IT and information security operations.

April 28, 2022

Decrease In AML Notifications A First, Says Danish Authority’s Report

The Danish Money Laundering Secretariat has published its 2021 annual report, revealing that there has been a dip in the number of suspicious transaction notifications.

April 28, 2022

To Pay In Roubles Breaches EU Sanctions, Says Von Der Leyen

European Commission president Ursula von der Leyen calls for turning off the money tap to Russian gas suppliers, but European companies are still cooperating with the Kremlin.

April 28, 2022

Don't Wait On Gambling Curbs, Says Lord

A member of the House of Lords who headed an influential report has called for action on UK gambling concerns without waiting for primary legislation.

April 28, 2022

Belgian Gambling Regulator Backs More Ad Restrictions

The Belgium Gaming Commission has published its views on gambling advertising, revealing support for more restrictions and for its enforcement powers to be expanded.

April 28, 2022

NFT Fraud On The Rise In U.S. As Tokens Not Regulated For Gambling

Although the U.S. gaming industry has quickly embraced online gaming and cashless wagering, new frontiers are emerging in non-fungible tokens (NFTs) and cryptocurrency that come with new business opportunities but also new opportunities for fraud.

April 27, 2022

Binance Hires Former FCA, FINRA Regulators In Latest Compliance Personnel Shake-Up

Binance, the world’s largest cryptocurrency exchange by volume, has hired two former regulators from the UK and the US as part of a new compliance charm offensive.

April 27, 2022

Baltic Leaders Want Ukraine To Join EU As Lithuania Calls For Tougher Russian Sanctions

As Prime Ministers of Estonia, Latvia and Lithuania issue a statement condemning Russia’s “unprovoked” aggression in Ukraine and calling for Ukraine’s entry to the European Union, Lithuania’s finance minister says further sanctions are needed.

April 27, 2022

News In Brief: April 25-April 29, 2022

The Bank for International Settlements and Bank Indonesia launch TechSprint to solve the challenges of wholesale and retail central bank digital currencies.

April 27, 2022

Chopra Is Going After Fintechs Now

The US Consumer Financial Protection Bureau has revived a dormant authority to examine nonbank companies that pose risks to consumers.

April 27, 2022

Crypto Boost? Industry Players Mull What Elon Musk’s Twitter Acquisition Means

Twitter has announced that it has accepted a bid from Elon Musk to acquire the social media platform, in a sign that it could become more engaged with crypto-assets.

April 27, 2022

More Clarity Needed On Crypto Access To Fed Accounts

Large industry players are pushing for more clarity on how reserve banks will evaluate crypto firms’ requests to the US payment system as a Federal Reserve consultation ends.

April 27, 2022

UK India Business Council Calls For Central Gaming Regulator

The UK India Business Council has called on India’s central government to regulate gaming, including sports betting, and allow regional governments to cede day-to-day oversight to a national regulator.

April 27, 2022

Comparing European Problem Gambling Rates Difficult, Says Study

“Highly diverse” methods of recording problem gambling in Europe make it difficult for any valuable cross-country comparisons to be made, according to a study written for the European Gaming and Betting Association.

April 26, 2022

Swedish Watchdog Investigates Klarna, Loomis Over Money Laundering Concerns

The payment service providers (PSPs) are being investigated by Sweden’s Finansinspektionen over how they operate their money laundering systems, following investigations earlier this year into other PSPs.

April 26, 2022

Several Major Economies Launch New Cross-Border Privacy Agreement

Jurisdictions including the US, Japan and Singapore have established a cross-border forum to promote collaboration in data privacy.

April 26, 2022

Nothing Stopping Crypto Payments From Going Mainstream, Says Morgan Stanley

A new report from US bank Morgan Stanley has spoken of a world in which bitcoin payments are so convenient that we will use them to pay for coffee.