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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German Court Deems Lottoland Website Blocking Unlawful

A German appeals court has struck down an “obviously illegal” order by the federal gambling regulator to block internet access to Lottoland websites.
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Gambling

EU Payments Groups Demand Access To Payment Systems

Payments and electronic money institutions should be able to access payments infrastructure in Europe, a joint letter to commissioner Mairead McGuinness says, as firms push for an amendment to the Settlement Finality Directive.
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Payments

Week In Crypto: Celsius Declared ‘Insolvent Since Inception’

A final report into the Celsius bankruptcy finds that the collapsed crypto lender was never solvent, and a judge rules that the public should know who bailed Sam Bankman-Fried out of jail. Meanwhile, a Korean crypto executive is arrested on fraud and embezzlement charges.
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Payments

SEC Commissioner Raises Alarm Against Inflated Unicorn Valuations

Caroline Crenshaw, a commissioner at the US Securities and Exchange Commission (SEC), has warned that inflated valuations of the once-mythical unicorns are, in part, the result of a regulatory gap and she proposes to fix it.
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Payments

Daily Dash: Spain Comes Out Above Average For Instant Payments

Spain’s Iberpay reveals strong results for instant payments, PayPal cuts thousands of jobs, and contactless payment rules get relaxed in Bangladesh.
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Payments

Online Gaming Supporters Make Case For Legalization In New York

While conversations about three available downstate casino licenses and reducing the sports-betting tax rate are more prominent in New York, supporters of online casino gaming are laying the groundwork to ultimately bring the activity to the Empire State.
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Gambling

California Cardroom Moratorium Bill Introduced

A new bill introduced in the California Assembly to reinstate a moratorium on cardroom expansion has garnered support from tribal gaming operators and key lawmakers, but the cardroom industry has yet to take a position publicly on the measure.
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Gambling

French Regulator May Seek More Powers Over Gambling Ads

France’s National Gambling Authority has said it is considering seeking new powers to more closely supervise the gambling marketing, especially on social media.
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Gambling

Bombshell Kenya Rulings Remove Excise Tax, Nairobi Restrictions

Kenya’s High Court will force the removal of a controversial 7.5 percent excise duty tax on gambling activities and has declared the capital Nairobi's gambling law void in two landmark decisions delivered on the same day.
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Gambling

News In Brief: January 30-February 3, 2023

A Dutch illegal online casino owes tens of millions to the state, a sports-betting bill makes unprecedented progress in Missouri and Aruze moves to restructure its US business.
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Gambling

’Lack Of Vision’ Holding Back Open Banking

Charlotte Crosswell sets out her recommendations for how the UK should move forward on open banking after stepping down as trustee of Open Banking Limited and chair of the Open Banking Implementation Entity.
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Payments

UK Treasury Seeks Comment On Proposed Framework For Crypto-Asset Regulation

HM Treasury has published a new consultation paper that sets out the UK government’s proposals for crypto-asset regulation and has asked for feedback from industry by the end of April.
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Payments

North Carolina Tribal Casino's Plight Could Impact U.S. Presidential Race

A South Carolina tribe that owns a casino in North Carolina is appealing a “Notice of Violation” issued by the federal agency regulating Indian gaming, and the dispute might spill over into the 2024 U.S. presidential campaign.
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Gambling

India Budget Introduces Online Game Tax, Delighting Industry

New provisions in India’s budget for 2023 have brought online gaming in from the cold, codifying tax rates for winnings from online and offline games and streamlining their collection.
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Gambling

Maltese Regulator Outlines Distributed Ledger Policy, European Markers Of Harm Support

The Malta Gaming Authority has said it fully supports developing standardised European markers of harm and that the publication of its distributed ledger policy indicates a “natural progression” of its position on crypto.
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Gambling

Georgia Senators Introduce Legislation To Legalize Sports Betting

A bipartisan group of Georgia legislators has introduced a bill that would legalize sports betting without a state constitutional amendment, setting the stage for a legislative battle this year.
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Gambling

Personnel Moves - January 2023

The chief executive of 888 has exited the company, MGM boss Hornbuckle retains federal advisor role, Australia's BetMakers shuffles executives and new Brazilian President Lula appoints key ministers.
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Gambling

Brazil And Argentina In Talks Over New LatAm Common Currency

The Presidents of Brazil and Argentina have announced plans to build a common currency for Latin America to enhance cross-border trade and curtail dependency on the dollar.
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Payments

Please, EBA, May I Have Some More: New SCA Clarifications Added

The European Banking Authority (EBA) has published a new set of Q&As just days after a previous release clarifying the application of strong customer authentication (SCA) requirements for use with digital wallets.
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Payments

Even Tech-Savvy Netherlands Struggles To Adapt To Digitisation

Considered one of Europe’s leading and innovative payments markets, new research conducted by De Nederlandsche Bank reveals that millions of Dutch citizens are struggling to get to grips with digital payments.
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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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