Insights Archive

June 17, 2022

Week In Crypto: Layoffs, Insolvencies And Possible Hedge Fund Collapse

It has been a rough week in crypto, with three major firms announcing layoffs, a lending platform facing a class action lawsuit and a crypto hedge fund once worth billions facing collapse.

June 17, 2022

Peoples Trust: First New Direct Participant Of Canada’s ACSS Since 1984

Payments Canada has announced that Peoples Trust will become a direct participant of the country’s bulk payments system, the Automated Clearing Settlement System (ACSS).

June 17, 2022

Malta To Be Removed From FATF Greylist, Say Reports

The Maltese media is reporting that Malta has been removed from the greylist of the Financial Action Task Force (FATF), a move that would be a relief to the island country’s financial services and online gambling industries.

June 17, 2022

The Policymakers And Firms Driving The Gulf’s Cashless Revolution

As cashless payments and fintech hots up across Gulf Cooperation Council countries, market participants warn of a skill shortage and some regulatory challenges.

June 17, 2022

India’s Post Bank Launches New Platform To Grow Financial Services

A new financial inclusion platform looks to promote new innovative start-ups to develop solutions across a range of financial services, leveraging the Indian postal bank’s 430m customers.

June 17, 2022

Malta To Be Removed From FATF Greylist, Say Reports

June 17, 2022

Brazil Senate Leader Confirms No Gambling Regulation Before Election

The fallout continues from the news that Brazilian President President Jair Bolsonaro and his evangelical support bloc will stand against approving both broader gambling legislation and sports-betting regulation before the election in October.

June 17, 2022

Maryland Regulator Preparing Mobile Sports-Betting Draft Applications, Rules

One day after being publicly taken to task by the state’s governor for delays in the mobile sports-betting application process, Maryland gaming regulators say that draft applications and regulations could be released by the end of June.

June 17, 2022

News In Brief: June 13-June 17, 2022

Worldpay has been fined in Colorado, Uruguay still wants potentially online-linked casino bids and Australia launches casino crime hunt.

June 16, 2022

EBA Issues New Guidelines On Role And Responsibilities Of AML/CTF Compliance Officers

The European Banking Authority (EBA) has published new guidelines that aim to clarify the duties of anti-money laundering and counter-terrorism financing (AML/CTF) compliance officers.

June 16, 2022

FCA Strengthens Branch Closure Checks To Combat ‘Branchwashing’

Along with updated good practice, the UK's Financial Conduct Authority (FCA) is toughening its stance on temporary changes to branch services made during COVID-19 that have now become permanent.

June 16, 2022

Digital Inclusion Could Become Constitutional Right In Brazil

Brazil is proposing a constitutional change to add the right for digital inclusion to the list of fundamental rights.

June 16, 2022

Report Seeks Sweeping Changes To Tackle Dirty Money In British Columbia

The long-awaited final report on British Columbia’s public inquiry into money laundering confirmed that for more than a decade casinos in the province accepted hundreds of millions of dollars linked to organized crime and the drug trade.

June 16, 2022

UK Industry Requires 'Critical' Changes, Say Public Health Bodies

Gambling in the UK has become increasingly easy to access, glamorised and promoted to a wide audience that includes children, according to representative bodies of public health experts.

June 16, 2022

Maryland Governor Wants Accelerated Mobile Sports-Betting Licensing Process

Maryland Governor Larry Hogan has slammed the state’s mobile sports-betting application review body and called for an accelerated timeline that would allow mobile wagering to begin in time for the National Football League (NFL) season in September.

June 16, 2022

U.S. Supreme Court Sides With Gaming Tribe In Casino Fight With Texas

In a 5-4 decision that could boost efforts to expand gambling in Texas, the U.S. Supreme Court on Wednesday ruled the Tigua Indians of El Paso can continue electronic bingo operations.

June 16, 2022

Dutch Minister Rejects Call To Treat Gambling Like Cigarettes

The Dutch minister in charge of gambling issues has rejected calls for a general ban on gambling advertising, saying he disagrees with a Belgian minister’s view that “gambling is the new smoking”.

June 15, 2022

Crypto Winter: Coinbase, BlockFi To Lay Off 1 In 5 Staff As Recession Fears Bite

Coinbase founder and CEO Brian Armstrong has announced plans to lay off about 18 percent of the company’s staff, due to fears of recession and declining revenues from crypto-trading.

June 15, 2022

Banking Circle To Support Cross-Border Mobile Payments Between Austria, Germany And Switzerland

Banking Circle, a payments bank headquartered in Luxembourg, has agreed to provide foreign exchange and settlement services to two European mobile payment providers, TWINT and Bluecode.

June 15, 2022

New Zealand Relaxes Responsible Lending Code After Backlash

After criticism for the new code being overly onerous on both banks and borrowers, the latest version of New Zealand's responsible lending code has largely reversed to the pre-2021 edition, but complications remain.

June 15, 2022

California Reveals Draft Data Privacy Regulations

California’s new data privacy agency has started the rulemaking process to level up data protection rules in the state and posted the first version of proposed regulations, albeit with several notable omissions.