Insights Archive

August 2, 2022

Dutch Central Bank Reviews Sanction Screening Effectiveness At Payment Firms

De Nederlandsche Bank (DNB) has confirmed that it will investigate the effectiveness of sanctions screening systems this autumn, while the Latvian Financial Intelligence Unit releases new research on key indicators of a sanctions evader.

August 2, 2022

Law Commission Kicks Off Digital Assets Reforms

The UK’s Law Commission has outlined new proposals to reform digital asset laws, including non-fungible tokens.

August 2, 2022

Massachusetts Sports-Betting Bill Awaits Governor's Signature

In a last-minute deal that at least one gaming analyst believes is not ideal, Massachusetts lawmakers were able to approve a sports-betting bill and hand over the reins to the Massachusetts Gaming Commission to implement the legislation.

August 2, 2022

Public Officials Implicated In Paraguayan Slots Scandal

Several active Paraguayan public officials are under investigation in relation to corruption charges involving the national gaming commission and an illicit slot machine contract, according to reports in the country.

August 2, 2022

Most Influential Federal Branch On Gambling? Not Congress

Of the three branches of the federal government created by the U.S. Constitution, the Supreme Court has had more impact on the gaming industry in the 21st Century than Congress or the White House.

August 1, 2022

Iran, Russia Close To Agreement On SWIFT Alternative And Mir Payments Launch

Iran and Russia are close to an agreement on an alternative interbank messaging system that would allow both nations to de-dollarise for bilateral trade, payments and foreign exchange purposes.

August 1, 2022

One In Ten UK Consumers Victim Of Payments Fraud, Says ACI

New research from payments software company ACI Worldline has revealed that 12.1 percent of UK consumers have been victims of fraud, as it calls for an overhaul of fraud fighting strategies.

August 1, 2022

VIXIO Speaks With: Banco de Portugal

In the first of a two-part interview with the Portuguese Central Bank, Rita Soares, its head of payments innovation and policy, spoke to VIXIO about the country’s payment priorities, including instant payments and fraud prevention.

August 1, 2022

Durbin 2 - This Time Its Credit Cards

The US senator, famed for his regulation of debit cards interchange, has introduced a bill to open up competition in the credit card market by enabling merchants to choose a Visa or Mastercard alternative routing when processing a credit card transaction.

August 1, 2022

German State Bremen Closing All Betting Shops

Betting shops in the German city-state of Bremen are targeted for closure after the interior senator claimed they were fronts for money laundering.

August 1, 2022

Massachusetts Legislature Reaches Deal On Sports-Betting Package

After marathon negotiations that continued into Monday’s early morning hours, a Massachusetts conference committee has reached agreement on a plan to legalize sports betting.

August 1, 2022

Philippines Kills POGO Investigations Amid Official Extortion

The Philippines’ top justice official has ordered the National Bureau of Investigation to cease investigating foreign-facing online gaming licensees (POGOs) amid accusations that NBI staff are extorting operators.

August 1, 2022

Personnel Moves - July 2022

Flutter's UK and Ireland CEO is leaving the company after 12 years, the Massachusetts Gaming Commission appoints a new commissioner and the Rio de Janeiro Lottery gets a new president.

July 29, 2022

Week In Crypto: Insider Trading, Iran Sanctions Probe And Stablecoin Bill Stumbles

This week in crypto was marked by major investigations into the US’ two largest exchanges, a resurgent debate over the legal status of crypto-assets and some tinkering from Janet Yellen on a significant US stablecoin bill.

July 29, 2022

Colombia Adopts Open Finance Framework

Colombia has become the third Latin American country to establish an open finance regulatory framework, which will include supporting third-party payment initiation services.

July 29, 2022

ECB Calls For Inclusive Central Banks With New Charter

The European Central Bank (ECB) has launched an equality, diversity and inclusion charter that regulators in the EU can voluntarily sign up to.

July 29, 2022

SEC Takes Action Against Large US Banks On Customer Identity Theft

The Securities and Exchange Commission (SEC) has charged J.P. Morgan, UBS and securities broker TradeStation on separate counts for deficiencies in their programmes aimed at preventing customer identity theft.

July 29, 2022

Nevada Regulators Approve Updates To 'Archaic' Gaming Requirements

The Nevada Gaming Commission has signed off on a series of small but substantial changes to rules related to the state’s gaming licensing and revocation process as regulators continue the process of updating or streamlining the state’s rules, some of which have been in effect for decades.

July 29, 2022

Macau Announces Tender For Casino Concessions

After years of government silence and industry confusion, Macau has finally announced a tender for the next wave of casino concessions.

July 29, 2022

News In Brief: July 25-July 29, 2022

Dutch lotteries investigated over potentially illegal online games, new AGA guidelines for AML compliance published and slots scandal deepens in Paraguay.

July 28, 2022

CFPB’s Chopra Says See You In Court To US Lawbreakers

In a number of wide-ranging interviews, Consumer Financial Protection Bureau (CFPB) chief Rohit Chopra has told newswires his crusade is not yet over against lawbreaking big firms and that his agency may rein in bigtech, surging mobile wallet fraud and crypto.