Archived Insights

The UK and European Commission have published joint text of their draft memorandum of understanding (MoU) on regulatory cooperation in financial services, in a sign of the thawing of relations between the two jurisdictions.

Consumer credit reforms will mean that buy now, pay later (BNPL) agreements will be treated as credit products by year-end.

Canada’s government has announced a new agreement with Visa and Mastercard to reduce credit card interchange fees to 0.95 percent. The move has been cheered by some, while called a failure by others.

New York gaming regulators on Monday revised proposed rules that originally would have significantly limited the ability for affiliate marketers to support the state's mobile sports-betting industry.

Operator Skill On Net Limited will pay £305,150 after a UK Gambling Commission investigation revealed social responsibility and anti-money laundering (AML) failures.

Legislators began this year’s sessions in Minnesota and Missouri confident they had enough support to pass bills legalizing retail and mobile sports betting, but long-standing objections by powerful interest groups and politicians have delayed any action until at least next year.

A prominent independent Australian lawmaker has tabled a bill that would enact a “comprehensive ban on gambling advertising”.

Optimism and scepticism in equal parts have greeted the General Directorate for Gaming Regulation’s (DGOJ) plan to centralise deposit limits, and although the industry says it was happy to have finally been consulted, the feasibility of implementation raised eyebrows.

The head of the Dutch Online Gambling Association has warned that it is still too easy for online gamblers to “end up in the clutches of organised crime”, as the industry awaits an impending advertising crackdown.

In a new policy statement, the US Federal Trade Commission warns businesses against misusing biometric information and hints at heightened scrutiny of those that do not comply.

Insiders expect the European Commission to release its proposed revisions to the Payment Services Directive, a possible Payment Services Regulation, Open Finance framework, Late Payments Directive, as well as new digital euro legislation, all on the same day in June.

The UK government has announced a new wave of sanctions against Russia, targeting 86 businesses and individuals connected to Russia’s energy, metals, defence, transport and financial sectors.

With legislation to regulate sports betting still not formally introduced, representatives of leading international operators are being called to testify as part of a high-profile congressional probe into match-fixing allegations that have rocked Brazilian football.

It is not as though U.S. Attorney General Merrick Garland does not have other priorities but his refusal to even acknowledge pleas for help in cracking down on illegal offshore gambling is growing more puzzling.

Influential UK gambling pressure group “The Campaign for Fairer Gambling” is being relaunched to focus its efforts on the US online gambling market.

The UK Gambling Act white paper will likely take a number of years to fully implement, according to Gambling Commission deputy chief executive Sarah Gardner.

A war of words erupted at a recent industry conference, as industry representatives sparred with Spain's head gambling regulator over claims that the recent advertising royal decree constituted a full ban and demands for industry consultation on future decrees.

Binance runs into regulatory hurdles in Canada and Australia, France offers sanctuary to US crypto firms seeking clearer regulations, and Tether announces plans to back its stablecoin with more bitcoin.

Key fintech lobbyists have called on the EU’s political institutions to keep payment initiation service providers out of the scope of the new Anti-Money Laundering Regulation.

The United States' fourth largest bank, Wells Fargo, has agreed to pay $1bn to investors after it lied about the state of its compliance with government orders.

<span style="font-size:11pt; font-variant:normal; white-space:pre-wrap"><span style="font-family:Arial"><span style="color:#000000"><span style="font-weight:700"><span style="font-style:normal"><span style="text-decoration:none">The Central Bank of Kuwait has issued new requirements for e-money services, including BPNL, Australia’s Westpac bank has introduced Apple’s new Tap To Pay service, and Airbnb has begun offering bank payments through Stripe.</span></span></span></span></span></span>