Insights Archive

November 13, 2024

Malta Has Evolved Into A B2B Hub, Say Gambling Experts

Malta’s mature gambling framework has helped the country evolve into a B2B gambling hub, according to a panel of legal experts working for major gambling businesses, as the nation searches for a new identity in the modern world of local licensing.

November 13, 2024

Attorney General Files Latest Legal Challenge To Brazil's Betting Regime

In an anticipated but alarming move, Brazil’s prosecutor general has filed a constitutional challenge with the Brazilian Supreme Court to overturn two federal laws which regulate online betting.

November 13, 2024

French Regulator Assessing Whether Crypto Betting Website Breaks Law

France’s National Gambling Authority (ANJ) is examining whether Polymarket, the cryptocurrency-based predictions site that took massive wagers on the US election, is complying with French law.

November 13, 2024

Lithuania Bans Gambling Advertising

Continuing a gambling regulation overhaul, Lithuania has introduced a near-total advertising ban to be phased in during the next three years.

November 13, 2024

UK Regulators Set Out Critical Third-Party Oversight Plans

The UK’s financial regulators have finalised their plans for critical third parties, as the country commits to aligning with international regimes including the EU’s Digital Operational Resilience Act (DORA).

November 13, 2024

Regulators Caught In Arms Race With Scammers, As Global Losses Hit $1.03trn

A new report has found that consumers lost $1.03trn to scams in 2023, setting the stage for further intervention from regulators on scam prevention and reimbursement.

November 13, 2024

Daily Dash: Singapore Police Use Robotics To Foil More Than 1,300 Scams In Two Months

The Singapore Police Force's Anti-Scam Centre foiled more than 1,300 ongoing scams during September and October, while the RTP Network has announced that it is now processing more than 1m payments per day.

November 12, 2024

U.S. Appeals Court Sides With Xpoint In Geolocation Patent Lawsuit

The U.S. Court of Appeals for the Federal Circuit has upheld the dismissal of GeoComply’s claims that competitor Xpoint infringed on a patent that the Vancouver-based company owns to perform its geolocation tracking services for the gaming industry.

November 12, 2024

U.S. Online Operators Seek Clarity On AML Requirements

All casinos in the United States have a number of obligations under the nation’s principal anti-money laundering (AML) law, but those regulations say little if anything about how online operators must comply.

November 12, 2024

Australia Opens Submissions For Wholesale CBDC Projects In 2025

The Reserve Bank of Australia has opened submissions for the second phase of Project Acacia, its ongoing study of digital money and its potential role in wholesale tokenised asset markets.

November 12, 2024

Brazil Opens Public Consultation On New Crypto Regulations

The Central Bank of Brazil has unveiled its long-awaited proposals for regulating the crypto-asset market, including definitions and authorisation requirements.

November 12, 2024

Malaysia Unveils New Risk Management Plans For Financial Institutions

Malaysia's central bank has launched a public consultation on its plans for risk management in the financial sector, including for payments and e-money firms.

November 12, 2024

Daily Dash: Russia Issues New Standards For Payment Acceptance Operators

Russia has published new mandatory standards for payment acceptance operators in the financial market, while Nepal Clearing House Limited has partnered with Ant International to launch a new cross-border payments bridge.

November 12, 2024

Laos Orders Golden Triangle Zone Online Companies Into One Location

The Laotian authorities have ordered all licensed online gambling operators in the notorious Golden Triangle Special Economic Zone to relocate to a single location in the zone, marking the latest phase of a national crackdown on cyber-crime.

November 12, 2024

Brazil Regulator Urges Rejection Of Constitutional Challenge

Brazil’s chief gambling regulator has urged the country’s Supreme Court to reject a constitutional challenge that threatens to derail implementation of a 2023 federal law on online betting at the 11th hour.

November 11, 2024

Lithuania Law Changes Expected To Supercharge Fines

Lithuania’s parliament (Seimas) has approved changes to its gambling law which are expected to drastically increase the size of fines and introduce a range of new requirements.

November 11, 2024

Daily Dash: Vietnamese Central Bank To Launch New AML Department In 2025

The Vietnamese government has confirmed that a new Department of Anti-Money Laundering will commence operations in January 2025, while the Hong Kong Monetary Authority has imposed a HK$4m enforcement penalty on Fubon Bank for breaching AML regulations.

November 11, 2024

Reserve Bank Of India Streamlines KYC Requirements In Updated Guidelines

The Reserve Bank of India has added new updates to its know your customer (KYC) guidelines, in an effort to ease compliance with anti-money laundering legislation.

November 11, 2024

Rule 1033 'A Significant Evolution' For US Open Banking

The Consumer Financial Protection Bureau has activated its open banking requirements for banks and fintechs in the US, a move that has been welcomed by payments players even if they have their concerns.

November 11, 2024

Maltese Regulator Proposes Updates To Corporate Governance Regulations

The Malta Financial Services Authority has announced plans to update the regulatory framework governing company service providers, which includes directorship and company secretary services.

November 11, 2024

Charity Lotteries Bid For Legislative Protection

A coalition of charity lotteries has published a report seeking to show that the sector is among the safest forms of gambling.