Insights Archive

September 5, 2023

Switzerland Proposes Major AML Revamp In New Consultation

Switzerland’s Federal Council has opened a new consultation on an anti-money laundering (AML) bill that could lead to a mandatory federal registration system for all business owners.

September 5, 2023

Tabcorp Fined A$1m For Flouting Regulator's Orders

Australia’s Tabcorp Holdings has been fined A$1m ($642,000) by the Victoria state gambling regulator for failing to follow directions in the aftermath of a data centre outage in late 2020.

September 4, 2023

Chilean Lawmakers Settle On Tax Rate For Online Gambling

The Chilean Chamber of Deputies' Economy Commission, which has for the past month been deep in negotiations to settle the final text of an online gambling bill, has agreed on a headline tax rate of 20 percent of gross gambling revenue for online operators.

September 4, 2023

UK Advertising Code Extends Online

UK gambling companies advertising online will devote more airtime to responsible gambling messaging, following new additions to the industry advertising code announced on Monday.

September 4, 2023

Angola Advances New Online Licensing Plans

Angola’s Council of Ministers has approved a new gambling law that would pave the way for “substantial changes”, including a new online licensing regime in the country.

September 4, 2023

UK Chancellor Urged To Safeguard Cash As 'Vital' Payment Method

A coalition of UK businesses, charities and consumer groups have written to the chancellor urging him to protect cash as a "critical payment method" for consumers and businesses.

September 4, 2023

MiCA MEP Lands Key Digital Euro Role

A member of the European Parliament (MEP) who was elected rapporteur for the EU’s flagship crypto legislation has bagged himself a new job as rapporteur for the European Commission’s digital euro legislation.

September 4, 2023

UK Operator In Touch Has Licence Suspended

In Touch Games has had its licence suspended by the UK Gambling Commission as the regulator investigates alleged wrongdoing.

September 4, 2023

UAE Names Ex-MGM Boss Murren As Regulator Chairman

The United Arab Emirates (UAE) has created a regulator for lottery and likely casino gambling, naming ex-MGM boss Jim Murren as chairman and one-time Missouri Gaming Commission executive director Kevin Mullally as CEO.

September 1, 2023

Iowa Regulators Looking To Tighten Sports-Betting Account-Sharing Rules

Amid a series of scandals that involved underage collegiate athletes using proxy accounts to wager on sports, sometimes on their own team, Iowa gaming regulators are looking to enact new regulations to force operators to remain more vigilant.

September 1, 2023

Kentucky Approves Sports-Betting Catalog Ahead Of Launch

As Kentucky prepares to launch retail sports betting next week, bets on pickleball and slap fighting competitions were not included in a catalog of permissible wagers that received initial approval from the state’s sports wagering council.

September 1, 2023

Brazil: The Country Who Cried Sports Betting May Finally See Bill Approved

Congressional leader Arthur Lira has announced that a sports-betting implementation bill will be voted on by September 9 in the Chamber of Deputies, clearing the way for final approval within the next two months.

September 1, 2023

Week In Crypto: Binance Sheds More Partnerships As Visa, Mastercard Retreat

Mastercard terminates its debit card partnership with Binance, Binance urges customers to dump its BUSD stablecoin, and X stokes speculation of a crypto payments platform readying for launch.

September 1, 2023

UK Regulator Says Wise Breached Russian Sanctions

HM Treasury’s Office of Financial Sanctions Implementation has found that UK payment firm Wise allowed a designated person to make a £250 cash withdrawal in breach of Russian sanctions.

September 1, 2023

Daily Dash: Card Schemes Reportedly Mulling Credit Card Fee Increase

Visa and Mastercard are reportedly planning to increase credit card fees that US merchants pay, Klarna has announced positive results, but is still not profitable, and Mastercard Send has been selected to power instant cash-outs for traders in APAC.

September 1, 2023

Estonian Bank Penalised With €900,000 Fine Over AML Failures

Estonia’s financial watchdog has blamed rapid growth for deficiencies in LHV Pank’s anti-money laundering (AML) controls.

September 1, 2023

RGB Managing Director Bailed In Malaysian Corruption Probe

Leading Malaysian gambling company RGB International has been implicated in a political bribery scandal, with its managing director out on bail and a cloud forming over a number of company directors.

September 1, 2023

News In Brief: August 28-September 1, 2023

Caesars and Rush Street have been fined in Iowa over illegal prop bets and Fanatics forges ahead with its PointsBet acquisition.

September 1, 2023

News In Brief: August 28-September 1, 2023

Caesars and Rush Street have been fined in Iowa over illegal prop bets and Fanatics forges ahead with its PointsBet acquisition.

August 31, 2023

Summer Surge As UK Open Banking Surpasses 11m Milestone

More than 11m payments were made using open banking technology last month, Open Banking Limited has announced, more than double the same time last year.

August 31, 2023

MEP Accuses Austria Of Non-Compliance With EU Sanctions Regime

In a written letter to the European Commission, a member of the European Parliament (MEP) has claimed that Austria is “flouting” the EU’s sanctions regime.