Insights

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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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Uruguay's Online Gaming Bill Advances In Senate

A draft law that would allow casinos in Uruguay to offer their games online has been approved by the finance committee in the Chamber of Senators.
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Gambling

American Gaming Association Supports Digital Assets Executive Order

The American Gaming Association is urging the Biden administration to work with the gaming industry as the federal government continues its efforts to develop and implement a digital assets strategy, according to a letter submitted to the U.S. Department of the Treasury.
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Gambling

UK Consumers Back Restrictions, As Long As They Affect Others More

​​​​​​​New research suggests UK customers support more restrictions on their gambling, so long as they affect other people more than themselves.
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Gambling

VIXIO Impact Index: July Low And Tracing Seasonal Trends

As regulators, particularly in Europe, take time off for the summer, VIXIO takes a look at the regulatory highs and lows of different jurisdictions, as well as what activity firms can expect for the rest of the year.
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Payments

US Regulators Take Consumer Data Protection Into Their Own Hands

While Congress is moving slowly on legislation aimed at protecting the privacy of consumers’ data, the Federal Trade Commission and the Consumer Financial Protection Bureau are stepping up their efforts to crack down on what they call “commercial surveillance”.
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Payments

Pix Fraud Rockets As Data Reporting Becomes Mandatory

Despite the built-in security features, fraud on Pix, Brazil’s popular instant payment app, is soaring, placing increasing pressure on banks to mitigate risks.
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Payments

Thailand Detains Online Gaming Mogul At Beijing's Request

Thai authorities have detained Chinese Cambodian mogul She Zhijiang, a leading figure in Southeast Asia’s underground online gaming industry, after receiving a request from Beijing for extradition.
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Gambling

Peruvian President Signs Online Gambling Law

President Pedro Castillo has signed into law the country’s long-awaited legislation to regulate online gambling and sports betting.
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Gambling

Irish Parliament Outlines Key Advertising Concerns

​​​​​​​Ireland’s parliament has released research into gambling advertising regulations, as pressure builds for a crackdown ahead of the country’s much-anticipated legal update.
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Gambling

Mega Millions Buzz Leads To U.S. Online Lottery Sales Boom

The excitement surrounding the recent climbing of the Mega Millions lottery jackpot to more than $1bn also brought new attention to online lottery sales.
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Gambling

FanDuel Becomes First U.S. Online Operator To Post Profit

Flutter Entertainment CEO Peter Jackson lauded FanDuel's positive momentum as it claimed a 51 percent share of the U.S. online sports-betting market and positively contributed earnings in the second quarter.
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Gambling

Week In Crypto: Coinbase Reports $1bn Loss As Lawsuits And SEC Inquiries Gather

It has been a bad week in crypto for Coinbase. VIXIO dips into its Q2 earnings report, and asks why Securities and Exchange Commission (SEC) inquiries and investor lawsuits against the exchange continue to multiply.
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Payments

Hello Digit, Goodbye Savings - US Agency Fines App For Faulty Algorithm

The US Consumer Financial Protection Bureau has fined Hello Digit $2.7m after finding that a faulty algorithm in the savings app left its users paying overdraft penalties.
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Payments

INTERPOL Targets Money Mules In New Campaign

#YourAccountYourCrime is a global campaign that aims to raise awareness about money mules and the consequences of those that become agents of money laundering and fraud.
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Payments

Daily Dash: Irish Mobile Payments Venture Hires New Chair

<span style="font-size:11pt; font-variant:normal; white-space:pre-wrap"><span style="font-family:Arial"><span style="color:#000000"><span style="font-weight:700"><span style="font-style:normal"><span style="text-decoration:none">An Irish interbank mobile payments app has hired a new board chair as it gears up for launch, Amazon expands its palm-reading payment technology and, in Argentina, results are released of a digital ID pilot using blockchain technology. </span></span></span></span></span></span>
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Payments

Colombian Gambling Winnings To Be Taxed At 20 Percent Under Petro's Plan

​​​​​​​New Colombian President Gustavo Petro has proposed exempting gambling taxes from his planned tax overhaul, seemingly leaving them at their current rate of 20 percent.
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Gambling

Entain Says It Is Bringing UK Focus On Recreational Gamblers Elsewhere

​​​​​​​Entain, parent of Ladbrokes and Sportingbet, is emphasising recreational play in a move prodded by the regulator in its biggest market, the UK.
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Gambling

Washington To Tackle Upping Wager Limits, How Much Open To Debate

The Washington State Gambling Commission on Thursday agreed to initiate the rule-making process that could lead to an increase in wager limits at cardrooms across the state.
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Gambling

Massachusetts Regulators Explore Sports-Betting Regulations

A day after Republican Governor Charlie Baker signed a bill legalizing sports betting, the Massachusetts Gaming Commission began exploring how it will create a process to implement the 225 regulations needed to govern the operation of wagering on games in the state.
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Gambling

News In Brief: August 8-August 12, 2022

Premier League club Aston Villa has signed a new sponsorship deal with a crypto casino that cannot be accessed from its home UK market.
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Gambling
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Regulatory Influencer: AML Compliance Is Key Under Hong Kong’s Stablecoins Ordinance

Under Hong Kong’s new Stablecoins Ordinance, another milestone in the global trend towards regulating digital assets in the same way as traditional financial services, any person who issues stablecoins referencing an official currency must obtain a licence from the Hong Kong Monetary Authority (HKMA).
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Norwegian Consumer Council Reports Klarna For Breaching Regulatory Requirements

In a submission to the Norwegian Consumer Authority, the consumer advocacy group has accused the Swedish fintech firm of repeatedly violating Norway’s credit marketing regulations.
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EBA Recommends Enforcement Pause To Avoid PSD2-MiCA Compliance Duplication

The European Banking Authority (EBA) has issued a No Action letter aiming to reduce the risk of crypto-asset firms needing to obtain two separate licences for certain payment activities under overlapping European rules.
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Singapore To Require Offshore Crypto Firms To Be Licensed Or Cease Operations By June 2025

The Monetary Authority of Singapore (MAS) has clarified the scope of its regulatory regime for providers of digital tokens, crypto-assets used for payments.
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Enforcement Overhaul At FCA Welcome News For Regulated Firms

The UK Financial Conduct Authority’s (FCA) attempt to increase the transparency of its enforcement investigations could also speed up investigations, which experts say would be good news for the financial services sector.
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FCA Moves To Boost AI Use With New Sandbox

UK financial services firms will be encouraged to experiment with artificial intelligence (AI) as part of the Financial Conduct Authority’s (FCA) strategy to support economic growth through technological innovation.
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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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