Insights Archive

November 19, 2024

Veikkaus Faces Potential €2.9m Fine For Advertising Violation

Finnish exclusive rights holder Veikkaus has been warned that it faces a potential fine of €2.9m for marketing on TV programmes that may appeal to people under the age of 18 and handed a three-month advertising ban.

November 19, 2024

Daily Dash: Spain Becomes First Market To Fully Connect With EU Instant Payments Scheme

Spain’s Iberpay has announced that the Spanish banking sector is now fully connected with the European Payments Council’s One-Leg Out instant payments scheme.

November 19, 2024

Daily Dash: EU Authorities Set April 30 Deadline For Designating Critical ICT Service Providers Under DORA

The European supervisory authorities, consisting of regulators such as the European Banking Authority, have outlined their timeline for designating critical ICT third-party service providers under the Digital Operational Resilience Act (DORA).

November 19, 2024

EBA Unveils Final Guidelines To Strengthen EU Sanctions Compliance

The European Banking Authority has issued landmark guidelines setting EU-wide standards for financial institutions, payment service providers and crypto-asset service providers.

November 19, 2024

UK Chancellor Calls On FCA To Champion Financial Inclusion And Drive Growth

In a letter to the Financial Conduct Authority (FCA), finance minister Rachel Reeves has changed the government’s position on the regulator’s oversight of financial inclusion, while stating that financial services are a catalyst for growth.

November 19, 2024

Australia To Mandate Cash Acceptance For Essential Items

Australia’s Labor government has announced that it plans to mandate cash acceptance for purchases of essential items such as food, fuel and medicine.

November 18, 2024

France's Land-Based Casinos Insist On Being Part Of Online Regulation

France’s powerful casino lobby continues to flex its muscles, calling into question if online casino games will ever be regulated in the country without its explicit involvement and approval.

November 18, 2024

U.S. Researchers Seek Player Data To Tackle Student Sports-Betting Growth

The growth of online sports betting among U.S. college students has academics concerned about the increasing rates of problem gambling on campus and having enough access to player data and research funding to effectively study its impact.

November 18, 2024

Leave Crypto Unregulated At Your Peril, Execs Warns Rulemakers

Gambling regulators and financial services are leaving a path open to the black market by preventing licensed operators from offering cryptocurrency gambling, executives have warned.

November 18, 2024

South African Remote Gambling Bill 'Revived'

South Africa’s Democratic Alliance Party is reviving its draft bill to regulate online gambling and has invited comments on its proposal.

November 18, 2024

Daily Dash: Big Tech, APAC Central Banks Take Part In Cloud Disruption Simulation

Google, Microsoft and Amazon have taken part in a tabletop simulation of a "severe" outage of public cloud services, affecting the financial sectors of APAC economies.

November 18, 2024

Still No Reason To Issue CBDC, Says Fed Governor Waller

A key payments official at the Federal Reserve has dismissed the idea of a US central bank digital currency (CBDC), arguing that CBDC remains a solution in search of a problem.

November 18, 2024

Lithuania Introduces SEPA Request To Pay For Tax Collection

The Bank of Lithuania is rolling out an innovative SEPA Request to Pay service intended to simplify tax and contribution payments by enabling direct payment requests without the need for intermediaries.

November 18, 2024

Regulatory Influencer: Malaysia's New Risk Management Framework

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. Bank Negara Malaysia (BNM) is seeking feedback on a new set of guidelines that aim to enhance cyber resilience and technology risk management within the nation’s financial sector.

November 18, 2024

UK Government Focuses On Open Banking In National Payments Vision

Clarity on the future of open banking will be key to making the most of the "significant opportunity" for account-to-account payments in the UK, according to the government’s new strategy.

November 15, 2024

Argentina Commission Proposes Blanket Ban On Online Gambling Advertising

Five legislative committees in Argentina have forwarded a proposal to ban virtually all advertising for online gambling.

November 15, 2024

Missouri Regulator Eyes Summer 2025 Sports-Betting Launch

Missouri’s top gaming regulator is optimistic the state’s sports-betting market will launch in time for the 2025 NFL season.

November 15, 2024

Curaçao's New Gambling Bill Nears Final Vote

Curaçao’s gambling regulator is hopeful that the long-awaited National Ordinance on Gambling (LOK) will be passed before the end of the year, as it is now just one step away from being presented to parliament for a final time.

November 15, 2024

News In Brief: November 11-November 15, 2024

An Ohio senator wants to lower the state's tax rate, Tilman Fertitta reveals Wynn stake, a bill banning college prop bets in New Jersey advances and an Arkansas casino blocking amendment is to go ahead.

November 15, 2024

FinCEN Issues Urgent Warning On GenAI Fraud

The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued an alert on the use of deepfake media created with generative artificial intelligence (GenAI) tools.

November 15, 2024

Consumers Lack Fundamental Protections For Their Financial Privacy, CFPB Warns

A new report from the US Consumer Financial Protection Bureau (CFPB) argues that current data laws are not sufficient to deal with financial data innovations.