Insights Archive

June 19, 2023

European Payments Firms Are Falling Short On AML/CTF Controls, Says EBA Study

A new report from the European Banking Authority (EBA) has found that anti-money laundering (AML) and counter terrorist financing (CTF) risks are “not managed effectively” among European payments firms.

June 19, 2023

Blockchain Australia Urges Banks To Remove Restrictions On Crypto Payments

An Australian trade association has called for banks to scrap their restrictions on payments to crypto exchanges, calling the measures an overreach in the country’s fight against fraud and scams.

June 19, 2023

EU Payments Legislation Talk Of Town After Documents Leak

In documents seen by VIXIO, the Electronic Money Directive looks set to be repealed and integrated into the third Payment Services Directive (PSD3), while changes to strong customer authentication and safeguarding also look likely.

June 19, 2023

DraftKings Outbids Fanatics With $195m Counteroffer For PointsBet U.S.

With less than two weeks until PointsBet shareholders were to consider another offer for the company’s U.S. business, DraftKings has submitted a $195m all cash offer to acquire the operations, a move seen by analysts as an attempt to block an incoming competitor.

June 19, 2023

Finnish Government Outlines Licensing Plans

The Finnish government will introduce a licensing model for online casino games and betting before 2026, it has announced.

June 16, 2023

CAB Payments Holdings Confirms Plans To List On London Stock Exchange

Following an announcement on June 8 of its intention to float, CAB Payments has now confirmed it will proceed with an initial public offering expected in July, becoming just the third London listing in 2023.

June 16, 2023

Fines, Obligations, Warnings As Bank Of Lithuania Takes More Action

The Bank of Lithuania has fined two e-money institutions, while officially warning another for non-compliance.

June 16, 2023

Week In Crypto: US Judge Rejects SEC Application To Freeze Binance’s US Assets

Binance avoids having its US assets frozen as it litigates with the Securities and Exchange Commission (SEC), but it will have to answer to the testimony of a former Binance US CEO. Meanwhile, Binance retreats from Nigeria and Cyprus.

June 16, 2023

Daily Dash: Iberpay First To Get Request To Pay Certificate

Spain’s Iberpay has become the first clearing and settlement mechanism to obtain a SEPA Request-to-Pay certificate, while new polling suggests the British are not keen on cashlessness.

June 16, 2023

Guardian Media Group Bans Gambling Advertising Worldwide

The UK-based Guardian Media Group has imposed a ban on gambling advertising, excepting lotteries, in its UK newspapers and online operations in the UK, the US and Australia that will cut its revenue by millions of dollars.

June 16, 2023

Tennessee Set To Eliminate Official League Data, Sportsbook Hold Requirement

The Tennessee Sports Wagering Advisory Council approved emergency rules on Thursday that will allow the agency to implement several regulatory and tax changes overwhelmingly adopted by the state legislature during this year’s session.

June 16, 2023

UK Gambling Commission Says White Paper Changes Will Take 'Years'

The UK Gambling Commission is encouraging as many stakeholders as possible to contribute to its first round of white paper consultations in the coming weeks, as it repeated that it will approach them with “less haste and more speed” and said implementation will take "years" to avoid unintended consequences.

June 16, 2023

Gibraltar Says It Is Ready To Get Off FATF Greylist

Gibraltar’s exit from the Financial Action Task Force (FATF) greylist is a matter of “when, not if”, according to the minister in charge of gambling issues, as the British Overseas Territory tackles a trio of vital issues over the coming months.

June 16, 2023

Rhode Island Legislature Approves Online Casino Bill

Rhode Island is on the verge of being the first, and potentially only, U.S. state to legalize online casino gaming this year following successful votes in both chambers of the legislature Thursday.

June 16, 2023

News In Brief: June 12-June 16, 2023

Betsson is to buy its way into Belgium amid a partnership with Casino Partouche, Illinois has given the go-ahead for a temporary Bally's casino and Crown is fined in Australia yet again.

June 15, 2023

Diebold Nixdorf’s $2.7bn Restructuring Points To Trouble In Cash Land

Businesses that provide access to cash are struggling to compete amid digital disruption and higher interest rates, as evidenced by the decline and potential fall of the world’s largest ATM maker.

June 15, 2023

Meta Fraud Frustrations Grow With Latest Bank Intervention

TSB has become the second bank in a month to criticise Meta over fraud, calling on the Facebook and Instagram owner to implement better procedures to prevent scams on its platforms.

June 15, 2023

Brazil Unveils Key Pix Updates, Including International And Recurring Payments

The Brazilian official responsible for the creation and operation of Pix has announced three major updates to the country’s popular instant payment system.

June 15, 2023

Sports-Betting Bills Signed In North Carolina, Vermont With Wagering Launching In 2024

North Carolina and Vermont have become the latest states to legalize mobile sports betting.

June 15, 2023

Videoslots £2m UK Regulatory Settlement For AML, Social Responsibility Failures

Videoslots will pay a £2m regulatory settlement over social responsibility and anti-money laundering failures in the UK that included allowing a customer to deposit and lose all of their savings and estimated earnings in just six months.

June 15, 2023

Ontario Regulator Contacting International Counterparts About Unregistered Operators

Ontario’s gaming regulator has begun contacting counterparts from international jurisdictions to help stamp out remaining unregulated operators doing business in the province.