Insights Archive

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.

November 11, 2024

Philippines Issues Order On POGO Ban, Confusion Remains

The Philippine President has issued a long-promised order prohibiting foreign-facing online gambling operators (POGOs) and services, but confusion remains over the status of Cagayan Economic Zone Authority licensees and B2B operations.

November 11, 2024

Second Trump Administration Unlikely To Revisit Wire Act Reversal

Although past transitions from Democratic to Republican administrations have led to fundamental changes in federal policy on online gambling, the second Trump administration is not expected to revisit its first-term initiative to reinterpret the Wire Act.

November 8, 2024

U.S. Study Cites Sports Betting’s Negative Impact On Gamblers’ Finances

Researchers have found that the rapid growth of legal sports betting across the United States has come at a financial cost for those who can least afford to gamble.

November 8, 2024

The Curious Case Of Portugal’s Santa Casa: How The Portuguese Lottery Found Itself In Debt To A Brazilian Cartel

Portugal’s national lottery operator, Santa Casa da Misericórdia, found itself in hot water after an investigation by local papers discovered that it owed R$200,000 (US$35,000) to the Primeiro Comando da Capital (PCC), Brazil’s largest criminal organisation.

November 8, 2024

France Launches Online Casino Consultation

France’s budget and public accounts minister officially opened the government consultation exploring the possibility of opening online casinos on Wednesday (November 6).

November 8, 2024

Week In Crypto: Trump Allies Promise US Strategic Bitcoin Reserve

Following Donald Trump’s victory in the US presidential election, a US senator believes that their bill to create a US Strategic Bitcoin Reserve is destined to succeed.

November 8, 2024

Hong Kong Aims To Tighten Direct Debit Protections In New Circular

The Hong Kong Monetary Authority has issued guidelines addressing the responsibilities of banks regarding payment card direct debit authorisations.

November 8, 2024

Daily Dash: UK's FCA Secures Convictions In £1.5M Crypto Fraud

The UK’s Financial Conduct Authority (FCA) has secured convictions against two individuals involved in a £1.5m cryptocurrency investment fraud, while Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution.

November 8, 2024

News In Brief: November 4-November 8, 2024

An increasing number of young people in England, Scotland and Wales are gambling, the Malta Gaming Authority (MGA) awards the first batch of new ESG seals in a bid to improve the gambling industry's image and sustainability, Bovada exits Tennessee after a recent saga with a local gambling regulator, and Minnesota Running Aces cardroom and racetrack is advocating for a compromise benefiting tribal and charitable gaming.

November 7, 2024

Canadian Senate Approves Sports-Betting Advertising Bill

A bill opposed by the Canadian gaming industry that proposes to establish a national framework for regulating sports-betting advertising has been approved by the Senate, sending the measure to the House of Commons for further consideration.

November 7, 2024

'Inadequate' Dutch Online Gambling Law, Implementation Requires Urgent Changes

An evaluation of the Netherlands' online gambling law by the Ministry of Justice and Security concluded many “urgent” changes are needed to better protect consumers from gambling-related harm, including “shielding” vulnerable groups from gambling adverts.