Insights Archive

January 6, 2025

Biden Admin Urges Supreme Court To Reinstate Controversial AML Law

The Biden Administration has filed an 11th-hour appeal to the US Supreme Court in an attempt to clear the path for the enforcement of a controversial anti-money laundering (AML) law.

January 6, 2025

Oman Approves New Regulatory Framework For Open Banking

Oman has become the latest Middle Eastern country to introduce a regulatory framework for open banking, following in the footsteps of Bahrain, Saudi Arabia and the UAE.

January 6, 2025

Daily Dash: Indonesia Unveils New Digital Asset Regulation

The Indonesian Financial Services Authority has introduced new legislation aimed at regulating the country’s rapidly growing digital asset market, including cryptocurrencies.

January 6, 2025

Regulatory Influencer: UK Financial Conduct Authority's Second Consultation on Enforcement Proposals

At the end of last year, the UK’s Financial Conduct Authority launched the second phase of its consultation on increasing transparency in enforcement investigations, following a series of public interventions by trade associations in the financial sector and former City minister Bim Afolami.

January 6, 2025

Quantum-Driven AI Will Be A Double-Edged Sword For Payments

As the payments sector continues to embrace cutting-edge technology, the sophistication of frauds and scams attacking the sector is also advancing, creating challenges for regulators.

January 6, 2025

AI's Potential Hindered By Data Problems, Warns AusPayNet

The Australian Payments Network (AusPayNet), the self-regulatory body overseeing Australia’s payments system, has released a new policy report exploring the role of artificial intelligence (AI) in transforming the payments sector.

January 6, 2025

Outlook 2025: Amid Turbulence, Asian Prospects Chop and Change

Vixio GamblingCompliance reviews the most transformative Asian gambling markets and looks at likely developments, catalysts and obstacles that will define them in 2025.

January 6, 2025

Finnish Regulatory Impact Council Flags Minor Concerns With Draft Law

The Finnish Council of Regulatory Impact Analysis has said it is “unclear” why the government is proposing a licensing model that will “likely increase the harm caused by gambling”, as it flagged three main shortcomings and areas to develop in the draft gambling law.

January 6, 2025

DraftKings Introduces Subscription Service Offering Parlay Boosts

DraftKings has rolled out a new subscription product that allows players unlimited boosts to parlay odds for a flat monthly fee.

January 3, 2025

North Carolina Appeals Court Rules Skill Games Illegal

The North Carolina Court of Appeals has ruled against a video sweepstakes operator who challenged local and state law enforcement bans against its machines found in businesses throughout the state.

January 3, 2025

California Tribes Sue Cardrooms Over Banked Table Games

Seven tribes filed a lawsuit on Thursday against dozens of cardrooms in California, accusing them of brazenly profiting from illegal gambling from some of the table games they operate.

January 3, 2025

News In Brief: December 30, 2024-January 3, 2025

Oklahoma bill that would legalize sports betting awaits returning lawmakers and Michigan bans advance-deposit wagering (ADW).

January 3, 2025

Netherlands Rolls Out New Fine Policy

The Netherlands Gambling Authority has begun applying a new policy for handing out fines, including three types of fines and different categories of punishment depending on the violation.

January 3, 2025

Daily Dash: Bank Of America Hit By Cease And Desist Order Due To Compliance Failures

Bank of America must submit an action plan detailing how it intends to remedy alleged anti-money laundering and sanctions compliance failures, following a cease and desist order.

January 3, 2025

Week In Crypto: Tether Mostly Still Available In Europe Despite MiCA Arrival

As another key deadline for MiCA compliance goes by, Tether has defied its critics once again, as its stablecoin remains available on almost all major exchanges in Europe.

January 3, 2025

Mobile Banking App Faces US Justice Department Lawsuit For 'Deceptive Practices'

The US Department of Justice and Federal Trade Commission have launched a civil enforcement action against Dave Inc. and its CEO, Jason Wilk, accusing the company of non-compliance with federal financial services laws.

January 3, 2025

Daily Dash: Indonesian Central Bank Launches Three New Payment System Offerings

Bank Indonesia has unveiled three new services under its BI-FAST instant payment system, further advancing the nation’s digital financial infrastructure.

January 3, 2025

Brazil Supreme Court Judge Orders End To Rio's Interstate Operations

Brazil’s newly regulated market for online gambling did not have to wait long to see its first legal twist, with a Supreme Court justice issuing an order on Thursday to rein in the conflicting licensing system established by the state of Rio de Janeiro.

January 2, 2025

Brazil Market Goes Live After Compliance Deadlines Extended

Brazil’s new era of regulated online gambling began at the stroke of midnight on January 1, with 66 operators launching under new federal licences but most of them on a provisional basis due to delays in meeting certification requirements.

January 2, 2025

End 'Blended Pricing' And Ban Debit Surcharging, Westpac Tells RBA

One of Australia’s Big Four banks has called on regulators to prohibit acquirers from offering bundled pricing, and to implement a ban on debit card surcharging.

January 2, 2025

BIS Advisory Group Recommends 'Hybrid' Model For Retail CBDC Issuance

A new report from the Bank for International Settlements (BIS) has recommended that central banks opt for an equal "division of labour" with the private sector when issuing retail central bank digital currency (CBDC).