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.

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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States' Short Sessions Leave Tight Timelines To Pass Gambling Bills

Virginia has become the first state to wrap up its legislative session for 2023, with a bill on problem gambling scoring approval but other proposals related to casinos and sports-betting taxes are left for further discussion as part of the budget process.
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Gambling

Gibraltar Supreme Court Grants £5m Asset Freeze In Mansion Case Against Ex-CEO

The Supreme Court of Gibraltar has granted a £5m worldwide freezing order against Mansion Gibraltar's former chief executive and de facto chief financial officer, Karel Christian Manasco.
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Gambling

US State Seeks Federal Consumer Protection Power Following Bank Merger Fiasco

The Connecticut state attorney general is seeking new investigative authority to enforce federal consumer financial protection rules after several consumers were left without access to online banking and debit accounts during a bank merger process. If granted, it could have wide implications for US payment firms.
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Payments

SCA Must Be Consumer Duty Compliant, Says UK Regulator

The UK’s Financial Conduct Authority (FCA) has written to payments firms outlining what they need to consider when implementing the Consumer Duty in its latest communication on the controversial new compliance requirement.
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Payments

Week In Crypto: Binance Named In US Money Laundering, Drug Trafficking Probe

Another money laundering case closes in on Binance, FTX Japan customers to be made whole again and Coinbase earnings reveal that revenue is down more than 75 percent year-on-year.
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Payments

Daily Dash: Ex-Mastercard Chief Gets Biden’s Endorsement For World Bank

President Biden has endorsed a former Mastercard boss for the World Bank presidency, US card skimming attacks are on the rise and New York regulator boosts crypto fraud detection powers.
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Payments

New York To Tighten Regulations For Sports-Betting Advertising

The New York State Gaming Commission is proposing to ban advertising on college campuses and require clearer disclosures for player bonuses as part of new rules to govern sports-betting advertising due to be taken up next week.
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Gambling

U.S. Legislative Flurry Sees One iGaming Bill Die, While Another Lives On

With key legislative deadlines approaching in several states, this week there has been a flurry of activity that includes new sports-betting bills, sports wagering and internet gaming bills advancing, and in one closely-watched state, online casino legislation dying for another year.
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Gambling

French Regulator Seeks Reduction In Spend From Problem Gamblers

The French gambling regulator has called on operators to prioritise reducing their share of gross gaming revenue generated by problem gamblers in 2023.
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Gambling

Visa, Mastercard Targeted In UK With New Multi-Billion Card Fee Claim

Harcus Parker, a UK-based commercial litigation law firm, is to launch a second class action lawsuit against Mastercard and Visa on behalf of merchants.
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Payments

Nigeria Supreme Court Postpones Ruling On Cash Swap Until After Election

Nigeria’s Supreme Court has voted to postpone a key decision on the withdrawal of "old series" naira banknotes until after the country’s presidential election following criticism.
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Payments

Libya Embarks On Payment Modernisation Journey With EU Backing

Libya is planning to launch a new instant payment system and open banking framework, supported by the EU and part of a wider effort to boost the digitalisation of financial services in the war-worn country.
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Payments

U.S. Legislative, Legal Battles Continue Over Unregulated Gaming Machines

The dispute over whether supposedly skill-based games found in convenience stores throughout the U.S. should be made legal and taxed or simply legislated out of existence continues to play out as lawmakers in various states have been unable to resolve the issue through legislation.
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Gambling

Atlantic City College To Offer Esports Degree As States Seek To Lead Sector

A New Jersey college is poised to offer a Bachelor of Science degree in esports management, in the latest sign of the increasing importance of esports in key gaming states.
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Gambling

South Korean Lawmakers Advance Online Racing Reforms

After a lengthy delay, the South Korean legislature is heading toward legalising online betting for horseracing in response to pandemic impacts on industry revenue.
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Gambling

No Head Of Gambling Policy As Premier League Looks Set To Vote On Sponsorships

The UK's Department for Digital, Culture, Media & Sport has said there is currently no minister appointed to oversee the country’s gambling policy.
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Gambling

News In Brief: February 20-February 24, 2023

Brazilian state launches first ever regulated sports-betting site, Hong Kong will extract an additional HK$12bn from the Hong Kong Jockey Club over five years and Missouri committee favours bill without VLTs.
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Gambling

UPI Meets PayNow As India-Singapore Payments Linkage Goes Live

India and Singapore have announced that the bilateral linkage of their instant payment systems, UPI and PayNow, is now live, marking the first linkage of its kind for India.
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Payments

Open Banking Surpasses Seven Million Milestone In UK

Open banking products are being used by 7m UK customers, it has been announced, five years on from the regulatory requirements introduced by the revised Payment Services Directive (PSD2).
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Payments

Extend RTGS Operating Hours For Cross-Border Payments Boost, Says BIS

A new report by the Bank for International Settlements (BIS) has called on central banks to improve cross-border payments efficiency by extending the operating hours of real-time gross settlement (RTGS) systems.
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Payments
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Wyoming Stablecoin Launch The Latest Step In Mainstreaming Of Digital Assets

The Frontier Stable Token (FRNT) is the first fiat-backed, fully reserved stable token issued by a public entity in the US, and demonstrates the impact of both ongoing advocacy of cryptocurrencies and the GENIUS Act.
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Mapping EU Legislation: Regulation (EU) 2023/1114 (MiCA)

Regulation (EU) 2023/1114 (Markets in Crypto-Assets – MiCA) was published on June 9, 2023. It provides specific rules and requirements for crypto-assets, related services and activities that were previously not covered by Union legislative acts on financial services. This Mapping EU Legislation: MiCA page lays out the key dates, transition deadlines for member states, as well as any RTS, ITS, delegated regulation, implementing regulation or guideline issued and published. It will be updated in line with any MiCA update.
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FanDuel Takes Plunge Into Prediction Markets

FanDuel has taken a major step toward entering the surging prediction-market space Wednesday, announcing a partnership with the largest derivatives exchange operator in the U.S.
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Regulatory Influencer: New Jersey Bans Online Sweepstakes Casinos But Who’s Next?

New Jersey has joined the list of U.S. states that have chosen to completely ban sweepstakes casinos.
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India Bill Banning Real-Money Online Gaming Passes Lower House

A bill banning online real-money gaming has passed India’s lower house within hours of its introduction and with no debate, signalling a central government ambush on an industry now staring at oblivion.
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Nevada Gaming Salon Reform Up First On Post-Legislative Regulatory Agenda

After a Nevada legislative session that included the passage of several gaming reform bills, state regulators have begun the process of considering new regulations or amendments to current rules that are required to implement the statutory changes.
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Brazil VLT Market Advancing, But Legal Challenges Loom

Brazilian state and municipal governments are not waiting for new federal legislation to expand their gaming markets through video lottery terminals offering casino-style games, with the state of Rio de Janeiro now entering the fray.
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Treasury and States Step Up Fight Against Digital Asset Fraud

The US Treasury has launched a consultation on tackling illicit finance in crypto, and Illinois has introduced sweeping consumer protection laws, signalling growing federal–state momentum against digital asset fraud.
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US Banks, Fintechs Clash Over ‘Exorbitant’ Open Banking Access Fees

With Section 1033 in limbo, banks’ proposed charges for account data access highlight legal ambiguities and regulatory gaps that could shape the trajectory of open banking policy in the US.
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Thailand Launches Sandbox For Tourist Crypto-To-Baht Payments

The Securities and Exchange Commission (SEC) has launched an 18-month sandbox, TouristDigiPay, allowing visitors to convert digital assets into Thai baht for spending as e-money, linking regulated asset operators and e-money providers.
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