Archived Insights

German paytech Nexi has been fined for falling short of its legal anti-money laundering (AML) obligations.

With merchants expected to take a hit and the world’s outlook increasingly volatile, payments firms have put on a brave face, suggesting that now more than ever there is an opportunity for competitive advantage.

Although the EU’s Financial Data Access (FiDA) framework did not get axed as had been anticipated, many of the critiques of the EU’s potential open finance rules remain.

In its latest payments strategy, Lithuania has followed jurisdictions such as Sweden in emphasising operational resilience and cybersecurity.

The sudden prominence of the Commodity Futures Trading Commission with regard to the rise of sports-event contracts has forced the U.S. gaming industry to work outside its normal channels before Congress and the federal government.

Two of the largest tribal gaming associations in California have dismissed a report that suggested that tribes and commercial operators had reached an agreement on a plan to legalize sports betting.

A seven-figure fine issued in São Paulo has underlined the prospect of online betting operators facing enforcement actions by state consumer protection agencies, as well as the multitude of regulatory agencies sketching out their role in Brazil’s newly licensed market.

In April 2023, under the Sunak Conservative government, Lucy Frazer, the then secretary of state for culture, media and sport, finally published the long-awaited gambling white paper, ushering in a new era of regulation in the UK gambling market.

Romanian gamblers have launched legal action against online operators after being misled by social media videos and other false reports that they could receive compensation for alleged self-exclusion failings.

Payments firms must look out for red flags indicating that they are being used to transfer funds to terrorist group ISIS and its global affiliates, US Financial Crimes Enforcement Network has said.

The latest data shows that consumers in both countries continued their shift away from cash in 2024, with card payments dominating transactions.

The European Commission has launched infringement proceedings against 13 EU member states for failing to fully transpose the flagship Digital Operational Resilience Act (DORA) into national law by the January 17 deadline.

An Alabama senator files legislation to legalise several forms of gambling.

Lawmakers from both Polish parliamentary chambers are developing a draft bill to open up the country’s poker market to allow Polish-based consumers to play outside casinos and online in a move intended to lure players away from the black market.

The UK’s financial services regulator, the Financial Conduct Authority (FCA) has launched a new five-year strategy for regulatory oversight, intended to improve trust in the country’s financial services sector, create the right environment for growth, and address the growing threat of financial crime.

A coalition of payments and crypto groups wants the UK government to adopt a more crypto-friendly stance, warning that rival jurisdictions are taking the lead in the global race to attract investment and innovation in digital assets.

The Payment Systems Regulator (PSR) has unveiled a set of new remedies in response to its conclusions that the UK card market is not working well.

Republican lawmakers on the House Financial Services Committee aim to rescind several Biden-era financial regulations, citing concerns over their impact on competition, innovation and consumer access to digital payments and fintech services.

The Corporate Sustainability Reporting Directive (CSRD) is a new European Union (EU) directive that requires small, medium and large companies operating in Europe to disclose their environmental, social and governance (ESG) impacts on society as part of an annual non-financial reporting duty. This report assesses the transposition status of the CSRD across EU member states, as well as European Economic Area and European Free Trade Association jurisdictions. This report also analyses a number of jurisdictions that have significantly expanded the application and scope of the EU’s CSRD, including Denmark, Finland, France, Ireland, Italy, Romania, Sweden and Norway.

The Corporate Sustainability Reporting Directive (CSRD) is a new European Union (EU) directive that requires small, medium and large companies operating in Europe to disclose their environmental, social and governance (ESG) impacts on society as part of an annual non-financial reporting duty. This map outlines the transposition of the CSRD across EU member states, as well as European Economic Area and European Free Trade Association states.

New Zealand social media influencers are being read the riot act over affiliate-style promotion of foreign gambling websites, with the gambling regulator warning it will prosecute and fine violators.