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The US Department of the Treasury, in a coordinated effort with international partners, has launched significant actions aimed at disrupting Russian cybercrime networks and illicit virtual currency exchanges.

The UK’s Financial Conduct Authority (FCA) has unveiled its long-awaited proposals to overhaul the safeguarding regime for payments and e-money services.The proposals are now subject to a public consultation until December 17, and going forward, these compliance requirements will apply to all authorised payment institutions, e-money institutions, small e-money institutions and credit unions that issue e-money in the UK under the country’s payment services and e-money regulations.The changes aim to enhance consumer protection and market integrity by addressing what the regulator perceives as weaknesses in how firms safeguard customer funds.

Maryland regulators have approved a proposed regulatory change that would prevent operators from deducting promotional play from taxable sports wagering revenues.

Mergers and acquisitions experts are predicting that Brazil's incoming regulatory regime will “create room for a much longer tail” and be better for competition and innovation compared to the US market. 

The UK’s Gambling Commission is charging the multi-billion-dollar Premier League sponsor Sorare with illegally supplying unlicensed gambling.

This report is part of Vixio PaymentsCompliance’s Outlook series, which provides subscribers with forward-looking insights and consolidated research on key segments of the global payments industry.This edition is designed to provide high-level intelligence on European enforcement actions from H1 2024.

Financial Data Exchange (FDX) has submitted its application to the Consumer Financial Protection Bureau to become a US standard-setting body for open banking.

Latvijas Banka, the Central Bank of Latvia, has issued new regulatory rules in a bid to consolidate compliance requirements for customer due diligence.

Singapore’s regulator has announced a new international expert panel to improve operational resilience in the country’s financial sector, while Lithuania’s central bank is introducing changes to the country’s payment account regime.

Brazil operators agree to ban credit cards, Massachusetts bans some college sports bets, Nevada approves Sega Sammy merger and a former Philippines lottery official is accused of ordering an assassination.

Colombia's gambling authority has issued a draft resolution on responsible gambling to replace a 2021 regulation that established initial guidelines on the topic, but which critics say was riddled with errors. 

Restrictions on gambling in Eastern European jurisdictions such as Poland and difficulties in establishing a foothold in others such as Serbia could make new market opportunities in Central Asian countries increasingly attractive to foreign operators, according to a panel of industry leaders. 

The payments giant has questioned the legitimacy of the US Department of Justice’s lawsuit, as the authority accuses it of monopolising its power in the market.

The Financial Conduct Authority has unveiled its much anticipated safeguarding proposals aimed at enhancing customer protections when payments and e-money firms go out of business.

The Reserve Bank of Australia has struck its most sceptical tone to date on the prospect of issuing a retail central bank digital currency (CBDC), but it remains positive about wholesale CBDC.

The Payment Systems Regulator has confirmed the maximum reimbursement for victims of authorised push payment (APP) scams via Faster Payments will be capped at £85,000, while the government of the United Arab Emirates has unveiled the replacement for its anti-money laundering regulator.

A day after securing a crucial maximum A$200m ($137m) debt facility, struggling Australian casino operator The Star Entertainment Group has reported a statutory net loss of almost A$1.7bn for annual results ending June 30.

A panel assembled by a UK think tank at the Labour Party’s first conference since assuming power has examined the economics of gambling harm, with some panellists claiming that harm is underrated while economic benefit is overrated.  

Light & Wonder has reiterated its earnings guidance for the year despite a federal judge’s decision to grant rival Aristocrat a preliminary injunction halting sales of the company’s popular Dragon Train slot machine.

Global gambling giant Entain is calling on the UK government and its international colleagues to adopt a range of enforcement measures to fight the black market.