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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Silence Greets Pleas To Delay Adopting Proposed Tribal Gaming Rules

So far, it does not look like federal regulators are willing to back off their newly-proposed rules for the $40bn Indian gaming industry despite several objections to proposals that include allowing for state-wide online gaming within tribal compacts.
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Gambling

Kenya Monitoring System Bears Fruit, Other Countries Follow Suit

African nations seeking to increase their tax revenue from online gambling through enhanced oversight are reaping the rewards, as the Kenya Revenue Authority reveals the success of its new real-time monitoring system.
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Gambling

Week In Crypto: Banking Partners Wanted As Industry Scrambles For Replacements

After a trio of collapses among crypto-friendly banks, US lawmakers argue that Trump-era deregulation is to blame. Meanwhile, crypto firms seek out new banking partners willing to take a chance on the high-risk sector.
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Payments

Full Steam Ahead For FedNow As July Launch Date Announced

The US Federal Reserve targets support for all aspects of the economy as it pins down a go-live date for its new instant payments service.
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Payments

SVB: Just How Bad Will Things Get?

As regulators and the market alike attempt to stem the fallout from the Silicon Valley Bank (SVB) failure, questions remain about the long-term impact on fintechs.
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Payments

Daily Dash: Mastercard Gets Certified As UK Digital ID Provider

Mastercard has been certified through the UK government’s digital identity regime, Apple Pay has become available for users in Mexico, and India and the UAE sign cross-border fintech pact.
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Payments

Kentucky Bans Skill-Game Devices, As Legal And Lobbying Battles Continue

Devices offering supposedly skill-based games with names such as Lucky Fruit and Living Large but which play like slot machines will now be illegal in Kentucky after Governor Andy Beshear signed a bill on Thursday prohibiting the machines.
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Gambling

Chilean Congress Discusses Online Gambling Blocks

As discussions continue on plans to license online gambling in the country, Chile’s internet regulator has said it is ready to block offshore gambling operators, so long as its sister gambling watchdog can clarify what is and is not illegal.
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Gambling

Georgia Lawmakers Attempt To Revive Sports Betting

Georgia legislators mounted an effort to bring sports betting hopes back from the dead Thursday, attaching sports-betting legalization to an unrelated bill in a Senate committee.
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Gambling

News In Brief: March 13-March 17, 2023

Maryland moves to prevent gambling marketing on college campuses and Western Australia backs post-scandal reforms to Crown casinos.
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Gambling

Friend Or Foe? What HSBC’s SVB UK Rescue Package Means For Fintech

As the dust settles, concerns are growing that HSBC’s rescue deal for Silicon Valley Bank (SVB) may not bode well if the bank uses its traditional risk approach.
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Payments

European Parliament Passes Data Act

The proposed legislation will govern rules for data-sharing related to connected devices and aims to help facilitate new services that leverage big data and machine learning across the EU.
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Payments

Take Action Now To Stop Ransomware, FATF Urges In New Report

The Financial Action Task Force (FATF) has urged members to take action to stop the spread of ransomware, and to prevent it from being used for money laundering and terrorist financing purposes.
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Payments

Tabcorp Secures Discovery In Court Clash With Entain

Australian wagering giant Tabcorp Holdings has prevailed in court action to secure documents from bookmaker Entain to establish if the latter's deal with a pubs and hotels lobby group infringes Tabcorp’s retail monopoly.
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Gambling

Brazil To Ban Unlicensed Advertising In High-Cost Sports-Betting Market

A forthcoming emergency decree to regulate sports betting will reportedly prohibit all advertising and sponsorship by unlicensed operators unwilling to pay an anticipated multi-million real upfront licensing fee.
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Gambling

German Regulator Denies Tight Rules Foster Black Market

The German regulator has challenged a trade group’s assertion that the country’s restrictive online gambling rules are fueling a black market.
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Gambling

Legal Bets On March Madness Set To Surpass Illegal Wagers In 2023

Meet the Press, the longest-running television series in the United States, is projecting legal sports wagers on March Madness this year will, for the first time, exceed revenue from illegal bets.
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Gambling

Republicans Blame ’Woke’ Capitalism For SVB Collapse As Democrats Push For Stricter Regulations

In the early days after the second-largest bank failure in history, the fallout inevitably becomes political as Democrats call for the strengthening of the post-financial crisis legislation, while Republicans blame the firm’s ESG policies.
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Payments

2023 Outlook: Surviving and Thriving in Challenging Times

As companies move into 2023, they face a new, more challenging environment than what came before. Whether due to rising competition, a worsening economy or the growing presence of fraud, payments firms face a bitter cocktail of threats over the next 12 months.
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Payments

Binance Scraps $1bn Crypto ‘Recovery’ Fund, As UK Fiat Partner Quits

Citing turbulence in the crypto banking and stablecoin markets, Binance has retracted its offer to invest $1bn in "distressed" crypto firms, while in the UK its fiat payments partner has quit the exchange.
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Payments
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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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