Insights Archive

April 17, 2024

Daily Dash: Cross-Border Platform Nium Wins Regulatory Approval In New Zealand

The Nium cross-border platform has expanded its portfolio of licences and registrations covering more than 40 countries, while Chile has opened a consultation on open finance legislation.

April 17, 2024

Consider Compliance Tech Impact Of New Policies, Firms Tell UK Regulators

Financial firms using compliance technology should be front of mind for UK regulators planning to implement new regulations or policy adjustments, the RegTech Platform has said.

April 17, 2024

Inquiry Warns Star Entertainment Over Tardy Evidence Debacle

An inquiry likely to determine the fate of the Sydney casino licence of The Star Entertainment Group has warned the company it may have broken the law by delivering documents relevant to witness testimony two weeks after deadline.

April 16, 2024

Ohio Gaming Operators Weigh In On Online Casino

Existing gaming stakeholders in Ohio remain split on the prospect of future online casino expansion in the Buckeye State, with one key operator staunchly opposed and another offering more tepid support.

April 16, 2024

Regulators Face Major Challenge Enforcing Loot Box Advertising Rules

Regulators and government authorities worldwide face a difficult challenge enforcing advertising rules for loot boxes, as a leading campaigner says he is frustrated about patchy enforcement against misleading ads for these pseudo-gambling products.

April 16, 2024

Payments Firms Using Illegal Contract Terms, Bank of Lithuania Says

Payments and e-money institutions in Lithuania have been accused of failing to comply with payment services regulations regarding the terms of their user contracts.

April 16, 2024

Payments Sector Pokes Holes In EU Open Finance Proposal

The EU’s proposed open finance framework appears to lack alignment with existing legislation, notably the Data Act and the Payment Services Regulation, experts in the payments and banking sector have said.

April 16, 2024

Daily Dash: Mobile Payments Set To Dominate By End of 2024, Says Dutch Central Bank

The Dutch central bank has said that mobile contactless payments could become the most common form of payment by the end of 2024, while a US financial regulator has warned of a “concerning” rise in passport fraud.

April 15, 2024

Massachusetts Signs Off On Sports-Betting Data Privacy Regulations

The Massachusetts Gaming Commission has signed off on the final clarifications to its data privacy rules after sports-betting operators were granted waivers until June to give them more time to comply with the regulations.

April 15, 2024

Delaware Legislature Explores Expansion Of Mobile Sports Betting

A bill has emerged from the bipartisan Internet Sports Lottery Legislative Working Group that would expand mobile sports betting in Delaware by allowing casinos to partner with multiple sportsbooks.

April 15, 2024

Daily Dash: Revolut To Expand Domestic Presence In India Following New Approval

Revolut is ready to expand into new payments products in India following a key regulatory approval, while fraud cases in Denmark more than doubled during 2023.

April 15, 2024

US Lawmakers Name Tether In Russian Sanctions Busting Hearing

US officials have highlighted Tether’s alleged role in Russian sanctions busting, as regulators seek new powers to enforce secondary sanctions against offshore crypto firms.

April 15, 2024

Bank Of Lithuania Revokes Neocard Licence

The Bank of Lithuania’s board has decided to revoke Neocard’s e-money licence over breaches of compliance requirements.

April 15, 2024

Lithuanians Support Ad Ban But Trade Groups Warn Of Player Protection Impact

Lithuanians overwhelmingly support a gambling advertising ban, according to research commissioned by the government-owned Lithuanian National Radio and Television.

April 15, 2024

Star Entertainment Crashes And Burns On Inquiry Day One

The chairman and CEO of Australian casino operator The Star Entertainment Group privately discussed being “ready for war” with the company’s temporary special manager, including suing him and/or the casino regulator while covertly monitoring his communications, an inquiry has heard.

April 12, 2024

U.S. Advocacy Groups Urge Government Role In Erosion Of Illegal Sports-Betting Market

The persistent strength of the offshore sports-betting market in the United States means it is incumbent upon the federal government to step up enforcement efforts, according to industry advocacy groups.

April 12, 2024

News In Brief: April 8-April 12, 2024

The Dutch regulator prepares to fine a Curaçao-based operator and Brazil may finally have a new regulatory chief.

April 12, 2024

EU Financial Institutions Invited To DORA Dress Rehearsal

The European supervisory authorities have confirmed a voluntary dry-run exercise to prepare the financial services industry for the next stage of implementation of the Digital Operational Resilience Act (DORA).

April 12, 2024

Week In Crypto: Binance Compliance Chief Denies Criminal Charges In Nigeria

A Binance executive is detained ahead of a criminal trial in Nigeria, Tether says it will avoid Europe under MiCA, and TerraUSD creator Do Kwon is found liable for securities fraud in the US.

April 12, 2024

US Privacy Act Proposed In Bipartisan Draft

Republican and Democratic lawmakers in the US have proposed a GDPR-like privacy bill that would, if passed, impose sweeping new obligations on companies handling consumer data, including payment service providers, but also simplify their regulatory requirements across state lines.

April 12, 2024

Daily Dash: Mastercard To Restructure With Focus On Three Key Business Areas

Mastercard has announced a restructuring plan that will streamline payments and data capabilities across the company, while Hong Kong has introduced an expanded version of its Anti-Scam Consumer Protection Charter.