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EBA Slams Fintechs Over Lax Compliance In New AML Risk Assessment

In its latest risk assessment, the European Banking Authority (EBA) has warned that poor practices and a lack of experience at fintechs, including payments and crypto firms, are undermining efforts to tackle financial crime.
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AI Joint Venture Demonstrates UAE’s Digital and Financial Ambitions

The Middle Eastern state continues to harness financial services as an asset, moving to modernise its payments infrastructure through a public-private initiative involving the deployment of artificial intelligence (AI).
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Brazil Minister Rattles Industry With Regulatory Remorse

The government minister responsible for Brazil’s federal betting regulator is considering stricter rules on advertising and online casino games and says he would even outlaw online gambling altogether if given the opportunity.
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Romanian Government Eyes Legislation To Decentralise Gambling Licensing

Romanian Prime Minister Ilie Bolojan has announced that his government plans to propose a draft legislation that will enable municipal authorities to decide on licences for local gambling outlets.
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US Inches Closer To Open Banking Rules

The US Consumer Financial Protection Bureau has outlined proposals that enable consumers to share financial data with third parties. Although not explicitly an open banking rule, it will help the US move one step closer to it.
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Payments

FCA Unveils Larger, Leaner Enforcement Arm As Challenges Expand

The chief executive of the UK Financial Conduct Authority (FCA) has spoken of the agency’s plans to grow in both manpower and legal tenacity to meet future regulatory challenges.
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Payments

Crypto Regs Get Stricter For UK With Latest Amendment

The Financial Conduct Authority would have the power to regulate all crypto-assets under proposals drawn up by the Treasury.
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Payments

Lula Elected Brazilian President

Luiz Inácio Lula da Silva was elected the next President of Brazil late on Sunday night, giving hope to gambling watchers that the country's sports-betting law will be regulated before a legal window expires on December 12.
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Gambling

Nevada's Black Book Evolving As Gaming Benefits From New Technology, Sports Franchises

As Nevada's gaming market confronts new challenges, regulators are focused on updating the state’s List of Excluded Persons, more commonly referred to as the Black Book, the exclusive and life-long club for those unsavory characters gaming officials have barred from entering Nevada casinos.
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Gambling

UK Appoints New Gambling Minister

​​​​​​​The UK has a new government minister in charge of gambling policy, as ongoing wider political changes throw the timeline for the Gambling Act review white paper release into further disarray.
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Gambling

UPDATE: SWIFT Delays ISO 20022 Switch Until March 2023

SWIFT follows the European Central Bank’s decision earlier this month to postpone ISO 20022 migration of the Eurosystem by four months.
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Payments

Google Fined $114m In India Over In-App Payment Restrictions

The Competition Commission of India has imposed an INR936.44 crore ($114m) fine on Google after finding that the tech giant unlawfully restricted in-app payments.
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Payments

Two-Year Wait For Card Fee Conclusions, PSR Confirms

The UK's Payment Systems Regulator (PSR) has outlined the next stages of its two market reviews into card fees, but warns that it expects the process to continue for two years.
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Payments

Week In Crypto: No-Shows At South Korea’s LUNA Hearings And Has FTX CEO Become Too Powerful?

South Korean politicians fume as key witnesses fail to turn up to hearing on high-profile crypto failure, questions raised at FTX CEO’s lobbying on Capitol Hill and Singapore consults on new crypto trading and stablecoin rules.
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Payments

President Biden Backs CFPB’s Crackdown On ’Surprise’ Overdraft Fees

The White House has stood behind the Consumer Financial Protection Bureau’s (CFPB) efforts to end unexpected overdraft and depositor fees as mid-term elections are approaching and the cost of living becomes a core issue for voters.
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Payments

Daily Dash: Bigtech Cat Fight

Meta criticises Apple for changes to its digital purchase rules, while central banks have completed another cross-border digital currency project and the US Treasury has sanctioned more Iranian officials in light of human rights abuses.
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Payments

Maryland Moves Closer To Mobile Sports Betting

State gaming regulators moved Maryland closer to the long-awaited launch of mobile sports betting on Thursday by finding ten applicants were suitable for licensure.
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Gambling

Nigeria Introduces Permit For Offshore Operators

​​​​​​​Nigeria has implemented a new digital tax collection system for offshore operators and introduced a new permit that does not require establishing a local company or creating an onshore presence.
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Gambling

Massachusetts Gaming Regulators Reject DraftKings Universal Sports-Betting Launch

Massachusetts regulators have turned away a request from hometown sportsbook operator DraftKings to reconsider its plan to allow retail sports betting to launch ahead of mobile betting operations.
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Gambling

Spain's Senate Approves Online Gambling Law Reform

Spain’s Senate has passed a bill to reform the country’s 2011 online gambling law by strengthening the role of the national Directorate General for the Regulation of Gambling (DGOJ), reinforcing restrictions on advertising and providing additional gambling addiction protections.
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Gambling

News In Brief: October 24-October 28, 2022

Apple pauses App Store gambling ads, the chances for California's mobile betting proposition fade further and delays to online licence approvals in Argentinian state.
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Gambling

Nigeria To Launch Africa’s First Domestic Card Network

Nigeria will become the first African nation to launch its own domestic card scheme, hoping to follow in the footsteps of India and China by supporting national sovereignty of payments and tapping into the fast growth of electronic payments in Africa’s largest and most populous economy.
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Payments

Action Initiation: Understanding the Open Banking Shake-Up in Australia

This regulatory analysis will delve into the background of action initiation in Australia, as well as the wider context that drives the nature and speed of CDR-related proposals. It will also map out the relevant legislative and authorities framework applicable to the CDR. Furthermore, the analysis will provide a detailed examination of the proposed action initiation regime, with its multiple layers and new types of licensed CDR-participating entities. It will explore the possible implications of the proposed measures for the payments industry, including the potential for increased competition, business growth and need for compliance.
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Payments

’Like An Atom Bomb’: EU Unveils Instant Payments Plans

The European Commission has outlined its plans for instant payments regulations, with commitments for the mandatory provision of instant credit transfers.
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Payments
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Digital Euro Enters New Phase As First Issuance Nears

By continuing to drive the digital euro forward, the EU is signalling to financial institutions that they should prepare for its introduction, despite ongoing criticism and questions about the project.
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Regulatory Influencer: EU’s Consumer Credit Protection in the Age of Buy Now, Pay Later (BNPL)

The transposition deadline of the revised Consumer Credit Directive (Directive (EU) 2023/2225 on credit agreements for consumers - CCD2) is November 20, 2025. Member states are required to adopt and publish laws, regulations and administrative provisions necessary to comply with the directive by that date.
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Regulatory Influencer: First Step To Permanent Price Cap On UK-EEA Interchange Fees

On October 10, 2025, the UK’s Payment Systems Regulator (PSR) launched a consultation on the methodology for developing a price cap on cross-border interchange fees for transactions between the UK and the European Economic Area (EEA).
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US Democrats’ Letter Underscores Continuing Uncertainty At The CFPB

Open banking is one of several areas being disrupted by confusion over the future of the US Consumer Financial Protection Bureau (CFPB), as lawmakers seek clarity on recent comments by its acting director, Russell Vought.
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Regulatory Influencer: Payments Authentication - A Global Comparative

Payment authentication is the process of verifying the identity of the person making a payment. It is a fundamental component of card-not-present (CNP) transactions and is a key measure in reducing fraud. This regulatory influencer lays out authentication requirements and exemptions across select jurisdictions in Europe and the Asian-Pacific region.
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African Nations’ Removal From FATF Grey List Offers Boost To Region

The news that Burkina Faso, Mozambique, Nigeria and South Africa are no longer subject to increased monitoring with regard to their anti-money laundering regimes should restore confidence among international payments organisations and open the jurisdictions to cross-border activity.
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Agentic AI and the Next Chapter in Payments Regulation

As the next phase of artificial intelligence (AI) begins to affect the payments sector, regulators will need to adapt and evolve existing frameworks to manage the risk to consumers.
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Australia’s Strategic Approach to Payments Modernisation

By adopting a comprehensive strategy to update systems and regulation, Australia is positioning itself to have a safe, effective and scalable payments infrastructure that can adapt to technological advances and evolving consumer behaviour.
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Regulatory Influencer: Colombia’s Bre-B and the State of Instant Pay in Latin America

Across Latin America, government-managed instant payments systems are fostering financial innovation and inclusion, while simultaneously challenging the dominance of cash and other traditional payment methods. Especially with Brazil’s Pix achieving remarkable user adoption rates and transaction volumes in recent years, other regional players have been keen to replicate the system’s success within their own borders.
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Russia Completes Preparations for the Digital Ruble Rollout

The phased rollout of the delayed central bank digital currency (CBDC) could enhance the country’s economic autonomy and regional integration, though questions remain over cybersecurity, regulation and the balance between banks and the state.
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