Insights Archive

June 20, 2023

Australia’s AML Watchdog Issues New Guidance On Banking High-Risk Customers

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has published its “final” guidance on providing banking services to high-risk customers, including fintechs, remitters and crypto exchanges.

June 20, 2023

New EU Legislation Proposes Open Banking Changes To End Setbacks

Open banking providers face obstacles to offering basic services and find it harder to innovate, the European Commission’s leaked legislative proposal admits, as it looks to end to ongoing problems.

June 20, 2023

Binance, SEC Reach Agreement On US Asset Protection Programme

After an initial attempt to freeze Binance’s US assets by court order, a US regulator has succeeded in negotiating an asset protection agreement with Binance while securities litigation continues.

June 20, 2023

Digital Euro Delay Rumours Swirl After Legislation Leak

The European Commission’s proposal for a digital euro has been shelved after the leak last week, according to Brussels sources.

June 20, 2023

Ontario Celebrity Endorsement Resolution Coming In 'Weeks, Not Months'

Ontario regulators say the result of a consultation process that could prohibit operators from using professional athletes and other celebrity endorsers in advertisements is coming soon.

June 20, 2023

UK Commission Launches White Label Hub

The UK’s Gambling Commission has created a hub with information and legislation regulating white label partners and working with unlicensed businesses.

June 20, 2023

Connecticut To Require Licensure For Live Online Casino Dealers

A bill revising Connecticut's legislation for online casino, sports betting and lottery operations is sitting on the governor’s desk, after being approved by the state's General Assembly.

June 20, 2023

Kenya Softens Proposed Gambling Tax Increase

Kenya’s latest budget statement says that the excise duty for gambling products, including lotteries, is set to increase to 12.5 percent.

June 20, 2023

Swedish Channelling Rate 'Critically Low', Says Trade Group

The percentage of Swedish gamblers using regulated operators is “critically low”, according to the Swedish Trade Association for Online Gambling (BOS).

June 20, 2023

US State Department Calls For Crackdown On Asian Scam Casinos

The US government has called on mostly Asian governments to “prioritise” crackdowns on casino operators and others linked to cyber scamming and human trafficking operations.

June 19, 2023

European Payments Firms Are Falling Short On AML/CTF Controls, Says EBA Study

A new report from the European Banking Authority (EBA) has found that anti-money laundering (AML) and counter terrorist financing (CTF) risks are “not managed effectively” among European payments firms.

June 19, 2023

Blockchain Australia Urges Banks To Remove Restrictions On Crypto Payments

An Australian trade association has called for banks to scrap their restrictions on payments to crypto exchanges, calling the measures an overreach in the country’s fight against fraud and scams.

June 19, 2023

EU Payments Legislation Talk Of Town After Documents Leak

In documents seen by VIXIO, the Electronic Money Directive looks set to be repealed and integrated into the third Payment Services Directive (PSD3), while changes to strong customer authentication and safeguarding also look likely.

June 19, 2023

DraftKings Outbids Fanatics With $195m Counteroffer For PointsBet U.S.

With less than two weeks until PointsBet shareholders were to consider another offer for the company’s U.S. business, DraftKings has submitted a $195m all cash offer to acquire the operations, a move seen by analysts as an attempt to block an incoming competitor.

June 19, 2023

Finnish Government Outlines Licensing Plans

The Finnish government will introduce a licensing model for online casino games and betting before 2026, it has announced.

June 16, 2023

CAB Payments Holdings Confirms Plans To List On London Stock Exchange

Following an announcement on June 8 of its intention to float, CAB Payments has now confirmed it will proceed with an initial public offering expected in July, becoming just the third London listing in 2023.

June 16, 2023

Fines, Obligations, Warnings As Bank Of Lithuania Takes More Action

The Bank of Lithuania has fined two e-money institutions, while officially warning another for non-compliance.

June 16, 2023

Week In Crypto: US Judge Rejects SEC Application To Freeze Binance’s US Assets

Binance avoids having its US assets frozen as it litigates with the Securities and Exchange Commission (SEC), but it will have to answer to the testimony of a former Binance US CEO. Meanwhile, Binance retreats from Nigeria and Cyprus.

June 16, 2023

Daily Dash: Iberpay First To Get Request To Pay Certificate

Spain’s Iberpay has become the first clearing and settlement mechanism to obtain a SEPA Request-to-Pay certificate, while new polling suggests the British are not keen on cashlessness.

June 16, 2023

Guardian Media Group Bans Gambling Advertising Worldwide

The UK-based Guardian Media Group has imposed a ban on gambling advertising, excepting lotteries, in its UK newspapers and online operations in the UK, the US and Australia that will cut its revenue by millions of dollars.

June 16, 2023

Tennessee Set To Eliminate Official League Data, Sportsbook Hold Requirement

The Tennessee Sports Wagering Advisory Council approved emergency rules on Thursday that will allow the agency to implement several regulatory and tax changes overwhelmingly adopted by the state legislature during this year’s session.