Insights Archive

February 19, 2025

Hungarian National Bank Fines K&H Bank HUF19m Over Failure To Comply With Open Banking Rules

The KBC-owned Hungarian bank has been hit with a financial penalty from the Magyar Nemzeti Bank (MNB), the country's central bank, over its lack of compliance with the EU’s revised Payment Services Directive (PSD2) requirements for data access.

February 19, 2025

Daily Dash: ESAs Unveil Roadmap For Critical ICT Third-Party Oversight Under DORA

The European supervisory authorities (EBA, EIOPA and ESMA) have published their roadmap for designating critical ICT third-party service providers under the Digital Operational Resilience Act (DORA).

February 19, 2025

India's Gaming Groups Sign MOU To Combat Illegal Ads

The standards overseer for India’s advertising industry has signed a memorandum of understanding (MOU) with three gaming trade groups to strike back against illegal gambling promotions by foreign and local operators.

February 18, 2025

Colombia Publishes VAT Decree, With Five-Day Implementation Period

The Colombian government has published a decree to temporarily impose a 19 percent value-added tax on online gaming to raise funds for the disaster in the Catatumbo region.

February 18, 2025

Norsk Tipping Faces €3m Self-Exclusion Fine

Norway's gambling monopoly Norsk Tipping could be fined as much as 36m krone (€3m) for a four-month black hole in its self-exclusion service.

February 18, 2025

U.S. Operators Fighting Tax Battle On Several Fronts

Leading U.S. operators are going to the mattresses for a multi-state fight against proposals to increase taxes on mobile sports betting.

February 18, 2025

New Zealand's Streamlined AML/CFT Act Completes First Reading

A new bill that aims to reduce the compliance burden of anti-money laundering (AML) reporting entities has had its first reading in parliament, where it looks set to pass with cross-party support.

February 18, 2025

Stablecoins Need Consistent Regulation To Unlock 'Full Potential', Says Fed Governor

A member of the Federal Reserve Board of Governors has warned that inconsistent stablecoin regulations could result in fragmentation, both domestically and internationally, that may undermine the benefits of the technology.

February 18, 2025

Daily Dash: Federal Reserve Delays ISO 20022 Implementation Until Summer

The US Federal Reserve has postponed the planned implementation of the ISO 20022 message format for the Fedwire® Funds Service from March 10 to July 14, 2025, with a final "go" or "no go" decision to be announced by June 27.

February 18, 2025

Review Body Slaps Locals Block On Thai Casino Bill

Thailand's law review authority has added a wealth entry restriction to future land-based casinos that excludes all but the wealthiest Thai nationals, potentially kneecapping the government's integrated resort campaign.

February 17, 2025

Australia Enacts 'World-Leading' Scams Prevention Framework

Lawmakers in Australia have passed what they believe are the "world’s toughest" anti-scam laws, as the Albanese government makes good on one of its key election pledges.

February 17, 2025

Daily Dash: AI And Crypto Among Priorities At UK-EU Regulatory Forum

The EU and the UK reaffirmed their commitment to regulatory cooperation in financial services during the third meeting of the Joint EU-UK Financial Regulatory Forum, held in London on February 12.

February 17, 2025

Big Tech Pushes Back Against Brussels Fraud Liability Plans

Advocates for the tech industry have warned that the European Parliament’s push to include social media and telecommunications firms in the Payment Services Regulation fraud regime are misguided, and could backfire for consumers.

February 17, 2025

UK PSPs 'Likely' Not Disclosing All Sanctions Breaches, OFSI Warns

The latest report from the UK’s sanctions watchdog warns of ongoing non-compliance and potential pathways for abuse such as crypto-assets and Russia’s Swift alternative.

February 14, 2025

Week In Crypto: US Congress Flooded With Yet More Stablecoin Bills

Lawmakers in the US have unveiled a raft of competing stablecoin bills, while promising to "work together" to ensure that one eventually arrives on President Trump’s desk.

February 14, 2025

Daily Dash: Utah Senator Wants To Take Trump's CBDC Ban One Step Further

Following a Trump executive order that prohibits the US government from issuing a central bank digital currency (CBDC), a Utah senator wants the ban to go one step further.

February 13, 2025

Regulatory Influencer: Papua New Guinea Edges Towards CBDC As US Runs In Opposite Direction

At the end of January 2025, Papua New Guinea became the latest Asian country to move towards implementing a central bank digital currency (CBDC), less than a week after new US President Donald Trump issued an executive order prohibiting the US government from issuing a CBDC.

February 13, 2025

FiDA Lives To See Another Day As European Commission Backs Away

The Framework for Financial Data Access (FiDA), which should enable open finance in the EU, has not been withdrawn by the European Commission as earlier leaked documents suggested.

February 13, 2025

PSR To Launch Consultation On APP Scam Reimbursement System In April

The UK’s Payment Systems Regulator (PSR) has announced the next step in its fight against authorised push payment (APP) scams: a consultation on the regulatory requirements for a centralised reimbursement claims management system.

February 13, 2025

Daily Dash: Russia's Central Bank Issues QR Code Payment Security Rules

The Central Bank of Russia has introduced a new set of guidelines to enhance the security of QR code-based payments and transfers.

February 13, 2025

Singapore To Create New Entity To Manage Payments Ecosystem

The Monetary Authority of Singapore and the Association of Banks in Singapore have announced the creation of a new entity to oversee and govern the country’s national payment schemes.