Insights Archive

March 9, 2022

EU Launches Timely Whistleblower Tool For Sanctions

The European Commission has rolled out a whistleblower tool to facilitate the reporting of possible sanctions violations as its new rules against Russia and Belarus become law.

March 9, 2022

No ESG Clause In MiCA, MEP Confirms

Following concerns that the EU’s crypto-asset regulation would include a mining ban, an influential member of the European Parliament has rowed back on the possibility of climate issues being incorporated into the Markets in Crypto-Assets (MiCA) law.

March 9, 2022

NatWest Leads Race For Open Banking Recurring Payments

NatWest is aiming to become one of the first UK banks to enable variable recurring payments as the bank announces the first successful transaction.

March 9, 2022

Private Sector Needs Clarity To Navigate Uncharted Territory Of Russian Sanctions

The private sector plays a key role in the implementation of sanctions, but they are wandering over an unknown territory without sufficient guidance from the government, witnesses have told the UK Treasury Committee.

March 9, 2022

Flutter's Sky Bet Fined By UK For Marketing To Self-Excluded

The UK Gambling Commission has fined Sky Betting & Gaming nearly £1.2m for sending “free spins” marketing emails to players who had self-excluded or opted out of receiving marketing.

March 9, 2022

Northern Irish Bill Approval Is 'First Step' Of Legal Overhaul

Northern Ireland’s new gambling bill was set to overcome its final legislative hurdles before becoming law on Tuesday, with more changes planned.

March 9, 2022

UK Gambling Minister: 'Significant Reform' Needed

The UK minister in charge of gambling policy has said reform is “long overdue” and promised the government’s Gambling Act review white paper will be published “very, very soon”.

March 9, 2022

DC Lottery Continues To Back Lottery-Operated Mobile Betting

The DC Lottery continues to defend the monopoly of its district-wide mobile betting platform despite massive cuts to the projected profit the GambetDC program is expected to provide to the District of Columbia’s coffers.

March 9, 2022

Minnesota Tribes Confirm Support For New Sports-Betting Bill

The tribes that own and operate some 18 casinos across Minnesota confirmed their support on Tuesday for an amended House measure that would legalize retail and mobile sports betting, but the bipartisan bill still has a long road through the state legislature.

March 8, 2022

DLT Comes To Swiss Payment System

Switzerland, which has led the way in the digital finance space, is adding distributed ledger technology (DLT) trading facilities to its payment system.

March 8, 2022

Update: Visa, Santander Tapped To Trial Use Cases Of Brazil’s Digital Real

The Brazilian Central Bank (BCB) has named nine groups of participants in its LIFT Challenge, including Visa, Santander and Mercado Bitcoin, that will help evaluate use cases for its future digital fiat.

March 8, 2022

’Impactful And Not Impactful At All’ - Russia’s SWIFT Ban Debated In UK Parliament

Cutting off Russia from the international messaging system was both the most draconian action possible while simultaneously being overstated, former SWIFT head of corporate affairs told the UK Treasury Committee.

March 8, 2022

UAE Latest Country To Be Added To FATF Greylist

The United Arab Emirates' recent initiatives to prevent economic crime appear to have failed, with the global standards body placing the country on its notorious grey list.

March 8, 2022

NFL Suspends Star Player For Betting On Games

NFL commissioner Roger Goodell on Monday announced that Atlanta Falcons wide receiver Calvin Ridley is suspended for at least the entire 2022 season for betting on NFL games last year.

March 8, 2022

Chile's Online Gambling Bill Better Late Than Never

Chile’s outgoing government has introduced a long-awaited bill to regulate online casino games and sports betting.

March 8, 2022

Sweden Proposes Gambling Software Licence, Fee Hike

Sweden’s Ministry of Finance is proposing to increase online licence renewal fees and has confirmed plans to require suppliers to apply for their own licences.

March 7, 2022

Dutch Regulator Sets Out PSD2 Account Rules

The Netherlands Authority for the Financial Markets (AFM) has published new guidelines assessing what accounts it deems as in the scope of the second Payment Services Directive (PSD2), as well as those that are not.

March 7, 2022

U.S. Lawsuit Blames PayPal BNPL For Bank Junk Fees

A PayPal consumer claims the company’s popular buy now, pay later (BNPL) service called Pay in 4 targets the poor who end up paying huge amounts of hidden bank fees.

March 7, 2022

Pay.UK Outline New Strategy For Retail Payments

Pay.UK has released its strategy report, indicating where it wants the UK’s retail payments industry to be by 2026.

March 7, 2022

Visa And Mastercard Halt Operations In Russia

As U.S. card giants announce they are pulling out of Russia, they also reveal they are more exposed to the Russia-Ukraine war than had previously been predicted.

March 7, 2022

UK Coroner Rules Addiction Led To Teacher's Suicide

Britain’s gaming operators say they are "committed to going even further” in providing treatment for problem gamblers after an inquest heard how a teacher killed himself after battling addiction.