Insights

Your window into the complex world of compliance and regulations

Our industry experts regularly spend time with lawmakers, regulators and industry participants to get to the heart of regulatory issues. We deliver our expert insights across multiple media to ensure timely delivery of information to meet your everyday needs.

From quick blog insights through to industry events, we provide you with the depth and breadth of knowledge needed to help you make the right business decisions, staying compliant and gaining a competitive advantage.

Automatic Pix Goes Live, Enabling Recurring Payments in Brazil

Pix, Brazil’s instant payments system, has introduced a recurring payments mechanism, aiming to simplify bill payments for consumers.
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Sweepstakes Ban Under Consideration in New York, Vetoed In Louisiana

As one state legislature looks to reinforce regulatory actions against sweepstakes gaming operations, another has seen the governor veto a legislative ban, calling it unnecessary.
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Pay.UK Sets Out Ideas For Reforming UK’s Payments Infrastructure

Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging “radical” change to prevent the UK falling behind on infrastructure and innovation.
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Presidential Decree Confirms Brazil Betting Tax Hike

A sharp increase in the main tax applied to online betting in Brazil became reality late Wednesday when an emergency decree was published in the Brazilian government’s official gazette.
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Wyoming To Issue Stablecoin After State Governor Withdraws Veto

Wyoming is set to become the first US state to issue a stablecoin by the end of the year after the state governor reluctantly allows the Stable Token Act to pass.
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Payments

Revolut Accounts For Nearly Quarter Of Complaints To Bank Of Lithuania

The Lithuanian central bank has revealed a huge rise in complaints received about payment firms, which now account for four out of five of all submissions. By far the biggest culprit is fintech giant Revolut, which accounted for 23 percent of all complaints.
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Payments

Sweden Exploring Cost Of Living Impact On Problem Gambling

Sweden’s minister for financial markets has said unlicensed gambling is a “big problem” as he addressed concerns about the impact of the country’s worsening economic situation on problem gambling.
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Gambling

Vermont Sports-Betting Bill Clears House

Vermont legislators cleared a key deadline on Friday to allow mobile sports-betting legislation to progress, with some unique language governing advertising included in the bill.
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Gambling

Technology Expertise Key To Nevada's Evolving Gaming Industry

As Nevada regulators continue their review of the state’s gaming approval process, the co-founder and co-CEO of Sightline Payments has urged them to consider expanding the agency’s technological expertise.
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Gambling

Malta Official Warns Gambling Operators Not To Ignore Information Requests

Malta’s data protection commissioner has warned Malta-licensed operators that they should not ignore requests for personal data, in a move apparently linked to German and Austrian gamblers seeking their transaction history as part of attempts to reclaim losses.
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Gambling

Week In Crypto: LUNA Founder Arrested In Montenegro, Says Minister

LUNA fugitive arrested in Montenegro, more A-list celebrities charged with fraudulent crypto “touting”, Coinbase receives a Wells notice and lobbyists try to stop UK banks from cutting off crypto.
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Payments

Name And Shame: PSR Orders UK Banks Handover APP Scam Performance

The Payment Systems Regulator (PSR) has ordered more than a dozen of the UK’s largest payment services providers to regularly submit data on how well they are handling authorised push payment (APP) scams.
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Payments

Daily Dash: PSR Consults On LINK ATM Accessibility

UK payment regulator is consulting on its specific direction for ATM operator LINK, Checkout moves into card issuing, Circle targets French crypto and e-money licences, and the US Federal Trade Commission is looking at competition and security risks in cloud computing.
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Payments

NCAA Goes From 'Over My Dead Body' To 'Party On!' In Las Vegas

Less than five years after going all the way to the U.S. Supreme Court in an unsuccessful attempt to save a federal sports-betting ban, the National Collegiate Athletics Association (NCAA) on Thursday promoted and oversaw two March Madness college basketball games in the gambling capital of the United States.
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Gambling

Puerto Rico Lawmakers Welcome Gambling's Economic Impact

Puerto Rico continues to recover from two devastating hurricanes and a recession, but the territory’s Speaker of the House Rafael Hernandez Montanez stressed the economy was stable and open for business, especially when it comes to gambling.
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Gambling

Chile's Tax Service Declares Online Gambling Operators Illegal

Chile’s Internal Revenue Service (SII) says it has been informed that online gambling is illegal and that offshore operators cannot use it to pay VAT, even though it had earlier ordered them to do so.
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Gambling

Dutch Illegal Ad Fine Issued As Lawmakers Confirm Incoming Ban

The Dutch gambling regulator has fined Red Ridge Marketing €675,000 for advertising illegal online gambling, as the government confirms its untargeted ad ban will arrive by July 1.
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Gambling

News In Brief: March 20-March 24, 2023

Progress made on California's cardroom moratorium bill and new efforts to ban online gambling in regions of India.
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Gambling

Crypto-Native Xapo Bank Joins UK Faster Payment System

Xapo Bank, a crypto-native bank registered in Gibraltar, has joined the UK’s Faster Payment System as an indirect member.
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Payments

Florida Bill Wants To Ban Digital Dollar

Florida governor Ron DeSantis has introduced legislation to ban the use of a future US central bank digital currency in the state, while a legal expert warns against the politicisation of the debate.
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Payments

Fast Growth But Not At Expense Of Compliance, Start-Ups Warned

Start-ups can get so focused on growth that they can fail to pay enough attention to financial crime risks, panellists at Pay360 suggested, as VIXIO research highlights the real cost of compliance failure to a business.
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Payments

Philippine Local-Facing Online Operators Call For Protection

Domestic-facing online gambling operators in the Philippines are calling for government action against “enablers” of the illegal targeting of Filipino gamblers, and to be allowed to enter foreign markets.
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Gambling

UK Gambling Commission Fines Kindred Units £7.1m

Two Kindred units, 32Red and Platinum Gaming, have been fined £7.1m and warned by the UK’s Gambling Commission for social responsibility and anti-money laundering failings.
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Gambling

UK White Paper Likely To Contain Statutory Levy, Says Labour MP

The UK’s ongoing Gambling Act review white paper is likely to call for a mandatory levy for gambling treatment and research, says veteran gambling campaigner and Labour MP Carolyn Harris.
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Gambling
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ECB Marches On With Digital Currency Plans

The European Central Bank (ECB) is drafting a new digital asset scheme rulebook as it lays the groundwork for the introduction of a digital euro.
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UK Strategy Targets Growth Via Payments And SM&CR Changes

Finance minister Rachel Reeves has unveiled reforms intended to inject momentum into the economy, promising to slash red tape and accelerate upgrades to the country’s payments infrastructure.
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EPC Finalises API Specifications For SEPA Request-To-Pay Interoperability

The European Payments Council (EPC) has published its SEPA Request-To-Pay (SRTP) Inter-Service Provider (SP) API Specifications, completing the technical documentation needed to support the implementation of the SRTP scheme across the Single Euro Payments Area (SEPA).
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President Trump’s Tax Bill Raises Slot Tax Reporting Threshold

A tweak to the tax bill signed by President Donald Trump would modernize gaming tax policy by increasing the threshold for reporting jackpot wins on slot machines and video lottery terminals in casinos.
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Gambling Commission Fine Transparency Improving But UBO Rules Cause Concern

The Gambling Commission's new criteria for imposing fines will help increase the transparency around predicting fine amounts, but some concerns remain over how the rules impact ultimate beneficial owners (UBOs), according to legal experts.
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Consultation May Signal End Of Surcharges In Australia

The Reserve Bank of Australia (RBA) has opened a consultation into card surcharging, which it says is no longer achieving its intended purpose of guiding consumers towards efficient payment choices.
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EBA Clarifies PSD2 Scope On Credit, Postal Orders And Fuel Cards

The European Banking Authority (EBA) has published clarifications on applying the revised Payment Services Directive (PSD2), covering the definition of credit, the status of postal money orders, and the classification of fuel cards as payment instruments.
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Wise Fine Highlights Evolution Of US Payments Regulation

The $4.2m fine for money laundering and Bank Secrecy Act (BSA) violations reflects both a trend towards local enforcement and a sharpened focus on anti-money laundering and counter-terrorism financing (AML/CTF).
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DraftKings Pays $3m To Settle Connecticut Marketing Investigation

DraftKings has agreed to return more than $3m to players and pay a $50,000 penalty in a second high-profile settlement announced by Connecticut regulators in as many months.
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Romanian Gambling Ad Restrictions Incoming But Lawyers Flag Need For Clarity

Romania’s new Audiovisual Code introduces several important changes, clarifications and restrictions; however, questions raised about the definitions, such as sports personality or influencer, have not been “thoroughly defined”, according to legal experts.
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