Insights Archive

October 21, 2024

Wise Becomes First Non-Bank To Gain Direct Access To Japan's Payment System

Wise has received a coveted regulatory approval in Japan, becoming the first non-bank firm to gain direct access to the country’s domestic payment system.

October 21, 2024

Daily Dash: UK Stats Reveal APP Fraud Down, CNP Fraud Up

UK Finance has reported a surge in card-not-present (CNP) fraud, while Klarna has announced that it is now available via Apple Pay, following the demise of Apple’s own buy now, pay later service.

October 21, 2024

FATF Overhauls Greylist Rules To Help Poorer Nations

The Financial Action Task Force (FATF) has announced significant changes to its criteria for greylisting countries, shifting its focus towards nations that pose greater risks to the global financial system while providing relief to the least developed countries.

October 21, 2024

BNPL Firms Enthusiastic As UK Government Unveils Legislation

Buy now, pay later (BNPL) firms and other stakeholders have applauded the UK’s new Labour government for introducing regulation that will bring firms into the scope of supervision from the Financial Conduct Authority.

October 21, 2024

Ireland's Next Steps After Passing Historic Gambling Law

With one final minor hurdle to clear, Ireland’s new era of gambling regulation is on the cusp of finally commencing, but a clear timeline for its next steps is still unclear.

October 21, 2024

Dutch Regulator Threatens Curaçao Operator With Daily Fines

The Netherlands Gambling Authority has warned it will issue BlockDance with daily fines for offering illegal gambling, after it initially complied with an order to block Dutch players.

October 18, 2024

Election 2024: What's At Stake For U.S. Gaming Industry

With less than three weeks left until voters go to the polls to determine who resides in the White House for the next four years, down-ballot in several states will be initiatives that will directly impact the gaming industry.

October 18, 2024

Operators Left Off Brazil Whitelist Take Legal Action, Seek State Licences

Operators that did not make Brazil’s “whitelist” are not taking it quietly, and have either filed lawsuits to be included on the list or sought a state-level licence in order to remain in business at least through the end of this year.

October 18, 2024

Get On With It? But Get On With What? VRPs Bring More Fatigue Than Opportunity

Variable recurring payments (VRPs) are a recurring theme for UK payments players, and although they disagree on the best way forward, they agree that the Payment Systems Regulator (PSR) needs to get a move on.

October 18, 2024

Australia Threatens To Ban Surcharging In New Payments Review

Australia’s payments industry faces a major rethink of its costs and fee structures, as the Albanese government threatens to ban the practice of surcharging.

October 18, 2024

Week In Crypto: TD Bank AML Failures Linked To UK Crypto Exchange

A UK crypto exchange gets caught up in TD Bank’s money laundering case, a detained Binance executive is denied bail in Nigeria, and Tether’s largest customer is sued in the US.

October 18, 2024

EU Authorities Challenge Commission’s Changes To DORA And MiCA Standards

The European Commission’s positions on aspects of implementing both the Digital Operational Resilience Act (DORA) and the Markets in Crypto Assets (MiCA) regulation have prompted a backlash from key European regulators.

October 18, 2024

Ireland Pushes To Address Account-To-Account Gap In New Payments Strategy

The Irish government has unveiled the country’s new National Payments Strategy (NPS), which challenges both regulators and industry to modernise and increase competitiveness in the payments ecosystem.

October 18, 2024

Daily Dash: New US FTC ‘Click-To-Cancel’ Rule Will End Subscription Traps

The US Federal Trade Commission (FTC) has unveiled a new rule that will penalise sellers for trapping customers in subscriptions, while the Financial Stability Board has opened a new consultation on operational incident reporting.

October 18, 2024

News In Brief: October 14-October 18, 2024

Peru has told registered suppliers they must stop serving unlicensed operators.

October 17, 2024

California Tribal Leaders Take Aim At Sweepstakes, DFS

California tribal gaming leaders have reinforced their belief that daily fantasy sports (DFS) and sweepstakes companies are operating illegally in the Golden State, and say they are taking legal steps to protect their gaming exclusivity.

October 17, 2024

Irish Lottery Penalised €23,000 Due To Licence Breach

Ireland’s National Lottery regulator confirmed it withheld €23,000 from operator Premier Lotteries Ireland (PLI) due to a licence breach, which saw some players told their tickets were not a winner, when in fact they had won.

October 17, 2024

Regulatory Influencer: Dubai Reviews MSPs’ Management of Operational Risk

The Dubai Financial Service Authority (DFSA), the regulator of financial services conducted in or from the Dubai International Financial Centre (DIFC), has conducted a review of regulatory compliance and vulnerabilities at money service providers (MSPs) in the DIFC.

October 17, 2024

France Targets Fraud, Sustainability And Payments Sovereignty With New Five-Year Plan

French authorities and payment industry leaders unveiled a new national payments strategy for 2025–30 during a key meeting of the National Committee for Means of Payment (CNMP).

October 17, 2024

Ireland's New Gambling Law Finally Passed

Ireland’s long-awaited Gambling Regulation Bill 2022 has finally been approved by lawmakers, 68 years after Ireland’s current primary gambling law was introduced.

October 17, 2024

Star Entertainment Fined $10m, Avoids NSW Licence Termination

Australian casino operator The Star Entertainment Group has been fined A$15m ($10m) and ordered to implement fiscal and operational reform over compliance failures at its Sydney casino, but has dodged the bullet of licence termination.