Insights

Australian remittance service businesses must use their registration or see it cancelled, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has said, launching a voluntary deregistration drive.

A federal court in North Dakota has struck down the Federal Reserve’s revised debit card interchange fee rule, concluding that the US central bank overstepped its statutory authority under the Durbin Amendment.

In July, the UK’s National Crime Agency (NCA) published its 2025 System Priorities for the regulated financial sector. This is the first time that the NCA has directly communicated a list of priorities to firms.

On June 10, 2025, the European Banking Authority (EBA) published a “no action letter” on the interplay between Directive EU 2015/2366 (Payment Services Directive 2 – PSD2) and Regulation (EU) 2023/1114 (Markets in Crypto-assets – MiCA). In the preceding regulatory influencer, an examination of the EBA’s letter was provided. The letter provided a positive step in the right direction, clarifying specific uncertainties surrounding the applicability of PSD2 to certain crypto-asset service providers (CASPs).

The Gambling Commission has said it is responding constructively to criticism from the UK statistics watchdog of its new gambling harm survey, but there remains widespread concern over the ferocity with which reform campaigners have leapt on its vastly higher problem gambling figures.

When the two dominant U.S. sports-betting operators hosted second-quarter earnings calls on Thursday, their bosses reassured analysts they were closely monitoring developments with the prediction markets but would remain on the sidelines for now.

On August 1, a judge in a Maryland federal district court denied Kalshi’s request for an injunction barring state regulators from taking enforcement actions over the company’s sports event contracts.

UK trade group the Betting and Gaming Council (BGC) has warned against drastic tax hikes proposed by a think tank and backed by a former Prime Minister, including raising the remote gaming and machine games duty to 50 percent.

Consumers using payment and e-money firms in the UK will benefit from stronger protections from next year under new safeguarding rules finalised by the Financial Conduct Authority (FCA).

Leading Sydney club and slot machine operator Mounties Group paid out almost A$10.5m ($6.8m) in winnings over five years to a handful of identified “suspicious customers” despite red flags for money laundering, according to a court statement by Australia’s federal transactions regulator.