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.

FinCEN Issues Warning On Terrorism Financing

Payments firms must look out for red flags indicating that they are being used to transfer funds to terrorist group ISIS and its global affiliates, US Financial Crimes Enforcement Network has said.
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European Commission Accuses 13 Member States Of Missing DORA Deadline

The European Commission has launched infringement proceedings against 13 EU member states for failing to fully transpose the flagship Digital Operational Resilience Act (DORA) into national law by the January 17 deadline.
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Trump Administration To Scrap Corporate Transparency Act For US Citizens, Companies

In the latest twist to the rollout of the Corporate Transparency Act, the Trump administration has vowed to exempt US citizens and companies from its controversial beneficial ownership reporting requirements.
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SEC Issues Staff Statement On Meme Coins, Describes Them As 'Collectibles'

The US Securities and Exchange Commission (SEC) has announced that meme coins, such as the one issued by President Trump, are akin to "collectibles" and will not be considered "securities".
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News In Brief: May 22-May 26, 2023

Caliente powers strong Playtech results despite fees dispute, Pennsylvania hands out six-digit casino fines and a Sportradar sign-up in Brazil amid the ongoing match-fixing scandal.
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Gambling

Is Strong Customer Authentication Coming To The United States?

As strong customer authentication (SCA) has become widely adopted in Europe and more countries are likely to follow, VIXIO is looking at what has been done in the US in terms of the regulation and what lies ahead.
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Payments

Grant Thornton Quits Working With eMerchantPay Over Governance Concerns

A major UK auditor has resigned from working with eMerchantPay, an acquirer for “high-risk” merchant categories, due to concerns about the company’s governance practices.
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Payments

Lack Of EU-Level Oversight Hinders AML Approach, McGuinness Says

European commissioner Mairead McGuinness has insisted that the EU’s latest financial crime package will deliver where prior directives have not.
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Payments

Operators Challenge Peru In Online Gambling Consultation

Offshore operators have objected to tax and incorporation plans, as the government of Peru publishes the results of a consultation on draft regulation to implement the country's 2022 online gambling and sports betting law.
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Gambling

Cannabis And Casinos Moving Inevitably Toward Partnership

Esports has become a $1bn industry worldwide, but cannabis has become a $1bn industry in Nevada alone, and gambling analysts are predicting casinos will be serving marijuana to their customers within the next decade.
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Gambling

Massachusetts Regulators: No Promo-Play Deductions On Sports-Betting Revenues

After months of debate, Massachusetts gaming regulators closed the door on Tuesday on allowing promotional play to be deducted from taxable sports-betting revenues.
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Gambling

Kenyan President Targets Tax Hikes

Kenya’s President has defended the controversial Finance Bill 2023, which would increase the excise duty on lotteries, betting and gambling, as well as change the definition of “winning”.
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Gambling

3-D Secure: Japan’s Answer to SCA?

This impact analysis will examine the latest version of the Japan Consumer Credit Association’s credit card security guidelines, which mandate the use of EMV 3-D Secure, in comparison with the European Union's strong customer authentication (SCA) requirements under the revised Payment Services Directive (PSD2). It will first lay out the historical background of both these regulatory regimes before comparing three aspects of these regulations namely, applicability, verification requirements, and permitted verification methods. It will then examine whether these regimes are equivalent to each other and, if not, what additional measures credit card and other payment operators may need to take to comply with both regimes.
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Payments

’Welcome Progress’ - UK And EU Agree MoU On Financial Services

The UK and European Commission have published joint text of their draft memorandum of understanding (MoU) on regulatory cooperation in financial services, in a sign of the thawing of relations between the two jurisdictions.
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Payments

Australian BNPL Regulation Getting Closer Each Day

Consumer credit reforms will mean that buy now, pay later (BNPL) agreements will be treated as credit products by year-end.
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Payments

Card Giants Give In To Credit Card Fee Cut In Canada

Canada’s government has announced a new agreement with Visa and Mastercard to reduce credit card interchange fees to 0.95 percent. The move has been cheered by some, while called a failure by others.
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Payments

New York Gaming Regulator Agrees To Softened Affiliate Rules

New York gaming regulators on Monday revised proposed rules that originally would have significantly limited the ability for affiliate marketers to support the state's mobile sports-betting industry.
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Gambling

Skill On Net To Pay £300,000 After UK Commission Investigation

Operator Skill On Net Limited will pay £305,150 after a UK Gambling Commission investigation revealed social responsibility and anti-money laundering (AML) failures.
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Gambling

Minnesota, Missouri Sports Betting Delayed Until 2024

Legislators began this year’s sessions in Minnesota and Missouri confident they had enough support to pass bills legalizing retail and mobile sports betting, but long-standing objections by powerful interest groups and politicians have delayed any action until at least next year.
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Gambling

Prominent Australian Lawmaker Vies For Complete Ban On Gambling Ads

A prominent independent Australian lawmaker has tabled a bill that would enact a “comprehensive ban on gambling advertising”.
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Gambling

Central Deposit Limits Greeted With Cautious Optimism In Spain

Optimism and scepticism in equal parts have greeted the General Directorate for Gaming Regulation’s (DGOJ) plan to centralise deposit limits, and although the industry says it was happy to have finally been consulted, the feasibility of implementation raised eyebrows.
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Gambling

Dutch Online Survey Reignites Ad Ban Concern

The head of the Dutch Online Gambling Association has warned that it is still too easy for online gamblers to “end up in the clutches of organised crime”, as the industry awaits an impending advertising crackdown.
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Gambling

US Flexes Muscle Into Biometric Data Collection

In a new policy statement, the US Federal Trade Commission warns businesses against misusing biometric information and hints at heightened scrutiny of those that do not comply.
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Payments

June 28: Mark Your Calendars For EU Payments D-Day

Insiders expect the European Commission to release its proposed revisions to the Payment Services Directive, a possible Payment Services Regulation, Open Finance framework, Late Payments Directive, as well as new digital euro legislation, all on the same day in June.
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Payments
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Australia Calls For Greater Collaboration In Battle Against Fraud

Businesses should join forces and share data to advance the fight against increasingly sophisticated scams, according to the Australian National Anti-Scam Centre.
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FCA Sets Out New Transparency Rules For Enforcement Investigations

The UK Financial Conduct Authority (FCA) has outlined significant changes to its enforcement rules, although it has stopped short of implementing some of the more controversial elements of its original proposal.
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Cash Mandate Moves Closer To Being Law In New York State

Retailers will not be able to refuse cash payments in New York if Governor Kathy Hochul signs off on legislation that has passed both houses of the state legislature.
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Regulatory Influencer: Canada Retail Payments Activities Act — Safeguarding of End-User Funds

This report is the third installment in a four-part series analyzing the RPAA and identifying key components of the law that PSPs should consider when doing business in Canada. This report focuses on the requirement to safeguard end-user funds.
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Regulate Smarter, Say European Players In Light Of Trump’s Deregulation

Despite the US leadership pushing for an increasingly deregulated financial services market, some payments players and politicians in Europe are adamant that standards being watered down is not the way to boost growth.
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Defunct Crypto Firm Fined €500,000 By Finnish Authorities Over AML Failures

The Finnish Financial Supervisory Authority (FIN-FSA) has fined LocalBitcoins over anti-money laundering and counter-terrorism financing (AML/CTF) failures, citing widespread deficiencies in customer due diligence and identity verification.
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Regulatory Influencer: Navigating The Trump Administration's Mass Deletion Of CFPB Guidance

The role of the US Consumer Financial Protection Bureau (CFPB) as a hands-off regulator within the second Trump administration is becoming clearer, following a significant withdrawal of agency guidance.
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Payments Firms Fret Over Connecticut Fee Caps On Income Advance Products

Proposed legislation to regulate earned wage access (EWA) in the US state of Connecticut is restrictive and could limit consumers' access to financial products, a payments industry body has warned.
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Polish Regulator Pushes For Brussels To Drop Payments And Crypto Requirements

Aiming to reduce the compliance burden, Poland’s financial regulator has made a variety of proposals to the EU that would soften elements of key regulations affecting the payments and crypto industries.
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Regulatory Influencer: Adapting to Speed — The Instant Payments Regulation’s Impact on Payments Across Europe

The Instant Payments Regulation ( Regulation (EU) 2024/886 - IPR) came into effect in April 2024 across the European Union to make instant payments in euro fully available to consumers and businesses throughout the EU. The digitalisation of the global economy has increased the demand for instant payment services that are available at all times. To keep up with the increased demand, the IPR aims to accelerate the rollout of instant payments in Europe and covers credit transfers denominated in euro within the EU.
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