Insights Archive

May 17, 2024

European Payments Council Shortens Timelines For Rulebook Implementations

The European Payments Council has revised the implementation timelines for rules to accommodate for the EU’s incoming Instant Payments Regulation.

May 17, 2024

Swedish Banks Set Out Improvements Needed To Combat Fraud

Sweden needs tougher measures in place to combat rising fraud, including enhanced transaction monitoring and enforced caps or delays to payments, the country’s banking industry group has said.

May 17, 2024

Daily Dash: US Treasury Publishes 2024 National Illicit Finance Strategy

The US has unveiled its latest roadmap for combating illicit finance, with disrupting funding to Russia and Hamas key priorities; meanwhile, New Zealand has introduced a landmark consumer data bill.

May 17, 2024

News In Brief: May 13-May 17, 2024

Illinois is the latest state to push back against arcade chain Dave & Buster's over its in-app gambling plan.

May 17, 2024

Top Taiwan Cop Detained Over Sabotaged Online Gambling Case

Taiwan’s Taichung District Prosecutors Office has detained a senior law enforcement official after he allegedly tipped off an online gambling company under investigation.

May 16, 2024

French Ombudsman Publishes 2023 Report

France’s National Gambling Authority (ANJ) has published its gaming mediator report for 2023, which included 1,523 requests for intervention.

May 16, 2024

Finnish Draft Licensing Law Expected Next Month

A major update on the future of Finland's licensing regime is expected next month, but key questions remain over possible advertising restrictions and requirements for B2B suppliers and payment service providers.

May 16, 2024

Saudi Arabian E-Wallet Rules Go Out For Comment

Digital wallet operators in Saudi Arabia will have to keep "detailed records" on transactions and obtain "full knowledge" of their customers before opening an account, under draft rules sent out for comment on Wednesday.

May 16, 2024

How Will Mastercard Vie For Domestic Transactions In China?

As Mastercard prepares to start processing domestic transactions in China, it may be too late in a country that has mostly leap-frogged credit and debit cards in favour of mobile wallets.

May 16, 2024

Daily Dash: Oklahoma Crypto Legislation Gets Stamp Of Approval

Oklahoma has new crypto rules on the way, while Canada's anti-money laundering and counter-terrorist financing agency (FINTRAC) has issued a new report uncovering the risks associated with cryptocurrency ATMs for illicit financial activities.

May 15, 2024

Alabama Governor Frustrated Over Legislature's Inaction On Gambling

Negotiations behind the scenes during the final day of the Alabama legislative session failed to secure the extra vote needed for gaming legislation, leaving the state's governor frustrated at the inability of lawmakers to put the issue on the ballot for voters to determine.

May 15, 2024

U.S. Operators Face VIP Responsible Gaming Challenges

Although leading U.S. operators say they are disciplined in cutting off access for VIP customers when their gambling becomes problematic, some acknowledge the issue can be more challenging when those customers represent a significant portion of their revenue.

May 15, 2024

Illegal Spanish Lottery Operator Escapes Authorities For Decades

Last week, when Spain issued its biannual list of fines for infractions, it was hard to miss that an operator called ONDEE had been slapped with an eye-watering €35m penalty.

May 15, 2024

Regulatory Influencer: Second Stage of the Financial Services and Markets Act 2022 Comes into Effect in Singapore

Vixio’s global roundup of imperative regulatory developments. Your lowdown on what the world’s regulatory leaders are up to this month.

May 15, 2024

Regulatory Influencer

Vixio’s global roundup of imperative regulatory developments. Your lowdown on what the world’s regulatory leaders are up to this month.

May 15, 2024

UK MPs Concerned Over 'Mass Surveillance' In DPDI Bill

A bill that forms parts of the UK’s open banking plans could promote “mass surveillance” of individuals’ bank accounts, left-wing Members of Parliament have warned.

May 15, 2024

Daily Dash: Philippines To Launch Stablecoin Pilot Backed By Central Bank

Philippines’ largest crypto exchange has announced a stablecoin pilot under central bank supervision, while Indonesia and the UAE have signed an agreement to promote the use of local currencies in bilateral trade.

May 15, 2024

Philippine Crime Body Eyeing 400 Illegal POGOs

A top crime-fighting official in the Philippines has revealed his agency is monitoring more than 400 illegal foreign-facing online gambling operations (POGOs) across the country, while raiding an illegal “mini-hospital” catering to POGO employees.

May 14, 2024

Regulated Operators Push For Clarity On Sweepstakes Casinos

As consumer demand continues to grow in the sweepstakes casino market in the United States, top executives from regulated gaming operators warn that the genre is still fraught with legal risk.

May 14, 2024

Nigeria Gambling Excise Duty Delayed

Nigeria’s government plans to increase excise tax on gambling have been delayed, according to an update released by the International Monetary Fund.

May 14, 2024

PSPs Gear Up For Ambitious EU Instant Payment Deadlines

With the EU’s Instant Payments Regulation now firmly on its way to becoming enforceable, payment service providers (PSPs) across Europe are readying themselves for a step change in how they provide payment services to consumers.